4th Apr 2014 10:28
LONDON (Alliance News) - The Local Shopping REIT PLC Friday said it is considering a number of options, including, but not limited to, portfolio sales, adding that it will act in a way that best maintains shareholder value.
The real estate investment trust said it was responding to property press references to a potential sale of a portfolio of its property investments through the disposal of two of its subsidiaries.
In a statement Friday, the REIT said the disposing of its assets, including through portfolio sales, is in line with its investment strategy.
Local Shopping REIT shares were Friday quoted at 32.99 pence, up 12%.
By Samuel Agini; [email protected]; @samuelagini
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