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  2. Share Prices
  3. Keller Share Price
  4. Keller Share News
  5. Keller Snaps Up Avonmouth Warehouse Property Related To Dispute

Pin to quick picksKeller Share News (KLR)

Keller Information

Share Price Information for Keller (KLR)

London Stock Exchange
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Share Price: 1,326.00
Bid: 1,324.00
Ask: 1,328.00
Change: -6.00 (-0.45%)
Spread: 4.00 (0.302%)
Open: 1,316.00
High: 1,332.00
Low: 1,302.00
Prev. Close: 1,332.00
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Keller Snaps Up Avonmouth Warehouse Property Related To Dispute

Fri, 13th May 2016 06:26

LONDON (Alliance News) - Ground engineering firm Keller Group PLC on Friday said it has struck a GBP62.0 million deal to acquire the freehold on a processing and warehousing facility in Avonmouth, new Bristol.

Keller has acquired the property from GJ3 Ltd and GJ4 Ltd, pursuant to a previously-announced contract dispute related to a project completed in 2008.

Keller said the final liability from the dispute is partially dependent on the value of the property after some remedial works have been carried out. Keller, in order to maximise the value, decided to buy the property now and will market it to third parties imminently, with a view to completing a sale by the end of the year.

The deal has been financed via a new bank facility raised for the purpose of completing the deal, Keller said, and will not impact on Keller's trading.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2016 Alliance News Limited. All Rights Reserved.

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UK earnings, trading statements calendar - next 7 days

Thursday 9 May 
Balfour Beatty PLCTrading Statement
Derwent London PLCTrading Statement
Flutter Entertainment PLC Trading Statement
Harbour Energy PLCTrading Statement
IMI PLCTrading Statement
ITV PLCTrading Statement
John Wood Group PLCTrading Statement
Rathbones Group PLCTrading Statement
Spire Healthcare Group PLCTrading Statement
Synthomer PLCTrading Statement
Wheaton Precious Metals CorpQ1 Results
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CRH PLCQ1 Results
International Consolidated Airlines Group SAQ1 Results
Rightmove PLCTrading Statement
TBC Bank Group PLCQ1 Results
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Cerillion PLCHalf Year Results
Diploma PLCHalf Year Results
HgCapital Trust PLCQ1 Results
Huddled Group PLCFull Year Results
Team Internet Group PLCQ1 Results
Victrex PLCHalf Year Results
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Angling Direct PLCFull Year Results
Currys PLCTrading Statement
DCC PLCFull Year Results
Flutter Entertainment PLCQ1 Results
Greggs PLCTrading Statement
Marston's PLCHalf Year Results
On The Beach Group PLCHalf Year Results
Renew Holdings PLCHalf Year Results
Treatt PLCHalf Year Results
Virgin Money UK PLCTrading Statement
Vodafone Group PLCFull Year Results
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Britvic PLCHalf Year Results
Burberry Group PLCFull Year Results
Compass Group PLCHalf Year Results
Creo Medical Group PLCFull Year Results
Experian PLCFull Year Results
Imperial Brands PLCHalf Year Results
Keller Group PLCFull Year Results
Lords Group Trading PLCFull Year Results
Marshalls PLCTrading Statement
Spirax-Sarco Engineering PLCTrading Statement
Titon Holdings PLCHalf Year Results
TP ICAP Group PLCTrading Statement
Tui AGHalf Year Results
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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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