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Sale of Adelphi Terrace

6th Aug 2014 07:00

RNS Number : 3444O
Stanley Gibbons Group PLC
06 August 2014
 



6 August 2014 

The Stanley Gibbons Group plc

("Stanley Gibbons" or the "Company")

Sale of Adelphi Terrace

 

One of the anticipated benefits of the acquisition Noble Investments (UK) plc was the ability of the Company to rationalise the property portfolio of the combined businesses, improving operating efficiencies across the enlarged group.

The Board of Stanley Gibbons is pleased to announce that contracts were exchanged on Monday 4 August 2014 for the sale of its freehold property at 11 Adelphi Terrace, London for a consideration of £4.5 million. Completion is scheduled to take place on or before 17 November 2014 by which time the Baldwin's team will have completed their move from Adelphi Terrace into 399 Strand, London thereby integrating all of our specialist collectibles trading and auctions divisions in the same location.

 

Enquiries:

The Stanley Gibbons Group plc

Michael Hall - Chief Executive www.stanleygibbons.com

 

Tel: +44 (0) 1534 766711

Peel Hunt LLP, Nomad / Broker

Dan Webster/ Matthew Armitt/Richard Brown

 

Tel: +44 (0) 20 7418 8900

Tavistock Communications

John West/Teresa Towner

Tel: +44 (0) 20 7920 3150

 

 

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