7th Sep 2018 15:33
LONDON (Alliance News) - LXB Retail Properties PLC said Friday that it sold its leisure investment at Stafford, England, for GBP8.0 million in cash.
The closed-ended real estate company said the price was in line with its expectations "when it provided its most recent net asset value guidance".
At the end of July, the company said it had varied the sale terms of the company's leisure investment at Stafford, which was announced in the company's interim report for six months ended March 31.
Back then, LXB said that the Royal Court of Jersey has sanctioned the reorganisation of the group, which will see the company sells its assets and wrap up.
LXB shares were trading up 1.2% at 16.90 pence each.
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