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Local Shopping REIT Considering Portfolio Sales
LONDON (Alliance News) - The Local Shopping REIT PLC Friday said it is considering a number of options, including, but not limited to, portfolio sales, adding that it will act in a way that best maintains shareholder value.
The real estate investment trust said it was responding to property press references to a potential sale of a portfolio of its property investments through the disposal of two of its subsidiaries.
In a statement Friday, the REIT said the disposing of its assets, including through portfolio sales, is in line with its investment strategy.
Local Shopping REIT shares were Friday quoted at 32.99 pence, up 12%.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
Copyright © 2014 Alliance News Limited. All Rights Reserved.
Latest LSR News
- Thalassa Chair Joins Local Shopping REIT In Same Role Amid Shake Up
7 Oct 2019 - Local Shopping REIT Tender Offer Goes Ahead As Acceptances Reach 72%
13 Sep 2019 - Local Shopping REIT Says Tender Offer Won't Be Scaled Back
30 Aug 2019 - UK Shareholder Meetings Calendar - Next 7 Days
13 Aug 2019 - Thalassa Confirms Won't Make Takeover Offer For Local Shopping REIT
28 Jun 2019 - Local Shopping REIT Interim Loss Narrows, Continues Portfolio Sale
20 Jun 2019 - Thalassa Agrees To Support Local Shopping's Effort To Return Capital
18 Jun 2019 - UK Earnings, Trading Statements Calendar - Next 7 Days
20 May 2019
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Thalassa Chair Joins Local Shopping REIT In Same Role Amid Shake Up
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LSR.L News
Thalassa Chair Joins Local Shopping REIT In Same Role Amid Shake Up
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