11th Jan 2016 16:05
LONDON (Alliance News) - LPA Group PLC on Monday said it will receive additional proceeds for the sale of its Tudor Works facility in Saffron Walden in August 2013.
LPA sold Tudor Works for GBP2.6 million so a housing development could be built, and has now been advised that the threshold for the development value of the site, above which an overage payment would be payable to LPA, has been exceeded.
The additional payment is likely to exceed GBP0.5 million, LPA said.
Shares in LPA were trading up 0.9% at 87.75 pence on Monday afternoon.
By Karolina Kaminska; [email protected] @KarolinaAllNews
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Lpa