16th Jun 2005 16:31
St. Modwen Properties PLC16 June 2005 St. Modwen Properties PLC St Modwen sells Kirkby Shopping Centre for £35.5m St Modwen Properties PLC, the regeneration specialist, has sold its subsidiarySt Modwen Developments (Kirkby) Ltd which owns Kirkby Shopping Centre, to anundisclosed buyer for £35.5 million, equating to a 5.68 per cent yield. St Modwen acquired a half share in the Kirkby Shopping Centre, Merseyside, in2001 from clients of LaSalle Investment Management Ltd and purchased theremaining half from the same source in 2003. Since this acquisition, St Modwen has built new kiosk units, converted theformer market hall and created modern retail floorspace which has been let tonational retailers. 16 June 2005 ENQUIRIES: St. Modwen Properties PLC www.stmodwen.co.ukAnthony Glossop, Chairman Tel: (0121) 456 2800Bill Oliver, Chief Executive College Hill www.collegehill.comDick Millard Tel: (020) 7457 2020 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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