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Acquisition of property

14th Jun 2016 07:00

RNS Number : 0643B
Wynnstay Properties PLC
14 June 2016
 

14 June 2016

 

Wynnstay Properties PLC (the "Company")

 

Acquisition of property

 

The Company is pleased to report that contracts to purchase four adjoining trade counter and industrial units in Lichfield from Ebury (Lichfield) Limited have been exchanged, with completion in the near future.

The acquisition price of £1.95 million will be funded from the Company's own cash resources together with a new additional facility of £1.34 million from the Company's bankers. The four units generate net rental income of £134,250 per annum.

 

For further information please contact:

 

 

Wynnstay Properties Plc

 

Toby Parker, Finance Director

 

020 7554 8766

 

 

 

Panmure Gordon (UK) Limited

 

Andrew Potts

 

020 7886 2500

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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