LONDON (Alliance News) - LXB Retail Properties PLC said Friday it has completed the "necessary sub-division" works for its final two lettings at its London Road Retail Park, in Biggleswade, north of London.
The closed-ended real estate investment company said it is now in the process of agreeing the final receipt under the Biggleswade forward funding agreement, expecting to receive about GBP2.7 million.
LXB Retail said it also expects a further return of cash to shareholders following this deal and its Stafford leisure disposal.
Shares in LXB Retail Properties closed down 2.6% Friday at 12.05 pence each.