IN BRIEF: First Property completes sale of warehouse in Romania
First Property Group PLC - London-based property fund manager and investor - Completes the sale of the warehouse it owned in Tureni, Romania, for EUR3.6 million. Says the sale price represents a profit on disposal of about EUR1.2 million, the property having been acquired for EUR2.0 million in 2014. "This profit has been struck after the deduction of costs associated with the sale, capital expenditure incurred on the property during the period of ownership and remaining fitout costs contractually due to be incurred in respect of the property," First Property notes.
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