Ediston Property Investment Co PLC - Edinburgh-based real estate investment company - Completes the sale of its leisure asset, a Mecca Bingo hall, in Telford, England for GBP5.0 million. This is 67% above the most recent valuation on the property and in line with the company's revised investment strategy to sell its office and leisure assets in order to reinvest the proceeds into retail warehouses. The impact of the sale will be included in the company's next net asset value announcement in the next few weeks.
Current stock price: 75.60 pence, up 1.3% in London on Tuesday
12-month change: up 9.9%
By Heather Rydings; heatherrydings@alliancenews.com
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