1st Aug 2019 14:00
(Alliance News) - London & Associated Properties PLC on Thursday said it has sold a building in the Brixton neighbourhood of London to a undisclosed overseas buyer for GBP2.4 million in cash.
The property was last valued at GBP2.3 million as at December 31, 2018, reflecting the value of the offer less costs.
The company originally bought the property in 2006, and it had formed part of the Atlantic portfolio which included the Brixton market that the company sold in 2018 for GBP37.3 million.
Shares in the property investment company were down 8.6% at 22.40 pence each on Thursday afternoon in London.
Related Shares:
London & Associated Properties