Ediston Property Investment Co PLC - invests in UK commercial property, with a focus on the retail warehouse sector - Confirms that it is in "advanced" discussions with RI UK 1 Ltd, a wholly-owned indirect subsidiary of Realty Income Corp, regarding a possible sale of its property portfolio. Reiterates that there can be "no certainty" at this time that a sale of the company's property portfolio will take place, nor on the final terms any such sale may take place. Adds it is continuing with its strategic review within the framework of a formal sale process.
Current stock price: 69.00 pence
12-month change: down 11%
By Heather Rydings, Alliance News senior economics reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2023 Alliance News Ltd. All Rights Reserved.