LONDON (Alliance News) - Highcroft Investments PLC, a real estate investment trust, said Thursday that it has sold its freehold interest in three retail units for an aggregate gross consideration of GBP1.8 million.
The retail units are in Cirencester, England, and include two residential flats. They sold 6% ahead of their GBP1.7 million December evaluation. The rent is GBP119,320 per annum.
Highcroft sold its smallest asset in the Marylebone area of London for GBP700,000 earlier this month, below its GBP798,146 December evaluation.
Shares in the company closed at 924.00 pence each, up 0.9%.