20th Apr 2006 07:00
Sigma Technology Group PLC20 April 2006 For immediate release 20 April 2006 SIGMA TECHNOLOGY GROUP PLC ("Sigma") Completion of Property Acquisition Sigma Technology Group plc (AIM:SGM), the specialist investment management andadvisory group, is pleased to announce that Strategic Investment Management Ltd("SIM"), its property subsidiary, has completed its 4th property acquisition.Details of the exchange of contracts for this acquisition were originallyannounced on 10th January. SIM has earned a gross fee of £2.2m before third party costs, which will bereflected in Sigma's half year results to 30th June 2006. The development is a new prime office building and is part of a larger threephase development of St Paul's Square located within Liverpool's commercialdistrict. It is intended to set new standards in quality, function and image ofthe city's office market. The property has been pre-let to the law firm, HillDickinson, upon practical completion due in July 2007. The total considerationfor this development property is £46.5m. This is being funded by bank debttogether with £10 million of third party equity. Sigma's preliminary results for the year ended 31 December 2005 will beannounced on Monday 24 April. ENDS For more information please contact: Sigma Technology 0207 653 3200Neil Crabb, Joint Managing Director Buchanan CommunicationsDiane Stewart/Isabel Podda/Amy Rajendran 0207 466 5000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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