25th Jul 2018 11:55
LONDON (Alliance News) - Wynnstay Properties PLC said Wednesday it has bought a freehold multi-let trade counter estate in the south of England for GBP3.8 million.
The company acquired the estate, fully let and generating GBP203,592 in rent per year, from Friars House Investments Ltd.
The total acquisition cost of GBP4.1 million, which includes stamp duty, will be funded from existing cash resources and debt facilities, the company said.
Wynnstay shares were trading 1.0% higher at 510.00 pence each on Wednesday.
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