2nd May 2019 11:49
LONDON (Alliance News) - Housebuilder MJ Gleeson PLC said on Thursday it has agreed to acquire 9.9 acres of development land in Cumbria for GBP1.2 million from Hampton Investment Properties Ltd.
Fund manager North Atlantic Smaller Cos Investment Trust PLC currently holds a majority interest in Hampton.
The acquisition, worth GBP8,823.53 per plot, is considered a substantial property transaction and is conditional on shareholder approval and the receipt of planning permission.
Shares in MJ Gleeson were down 1.4% at 826.00 pence, while North Atlantic Smaller shares were down 0.3% at 2,930.0p on Thursday.
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