26th Feb 2019 12:57
LONDON (Alliance News) - U&I Group PLC on Tuesday said it acquired a Pure Gym unit in Finchley, North London, for GBP4.8 million.
The property has been acquired using some of the GBP9.0 million surplus from U&I's Aviva financing facility, it said.
"Let to Pure Gym, the property meets U&I's investment criteria as an income producing asset with longer-term regeneration potential," the firm said.
U&I shares were trading up 0.1% at 199.95 pence each.
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