2nd Dec 2013 11:21
02 December 2013
GRESHAM HOUSE PLC
("Gresham House" or the "Company")
Property update
The Board of Gresham House is pleased to announce that, in accordance with its strategy of orderly realisation of the group’s assets, on 29 November 2013 it completed the sale of its property in Knowsley, Liverpool known as Northern Gateway for £6.775m (net of expenses £6.615m) against a book value at 30 June 2013 of £6.35m. This has resulted in a substantial part repayment of the group’s borrowing to the Co-operative Bank plc which now stands at £3.775m.
Enquiries:
| Gresham House plc Derek Lucie-Smith, CEO Brian Hallett, Finance Director and Company Secretary | 020 7592 7020 01489 570 861 | |
| Westhouse Securities Limited Richard Johnson / Antonio Bossi | 020 7601 6100 |
ENDS
Copyright Business Wire 2013
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