Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPSPI.L Share News (PSPI)

  • There is currently no data for PSPI

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Public Service Properties Sells German Care Home For EUR5.4 Million

Thu, 09th Jul 2015 08:27

LONDON (Alliance News) - Public Service Properties Investments Ltd on Thursday said it has exchanged contracts on the sale of the Huttenstrasse care home property in Germany for EUR5.4 million.

The sale was closed at a 2.5% discount to the net asset value of the property at the end of December and is part of the company's strategic review to offload its German care home portfolio.

Public Service said it is continuing to test the market appetite for its four remaining care homes in the country.

Shares in the company were trading up 0.9% at 29.25 pence on Thursday.

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

Copyright 2015 Alliance News Limited. All Rights Reserved.

More News
13 Feb 2015 10:53

Public Service Properties Selling UK Assets, Businesses To Embrace

Read more
3 Nov 2014 07:51

Public Service Properties Investments Sells Two Care Home Properties

Read more
26 Sep 2014 07:41

Public Service Properties Investments Upbeat Despite Profit Dip

Read more
19 Jun 2014 10:55

Public Service Properties Expects No Funds From Esquire Liquidation

LONDON (Alliance News) - Public Service Properties PLC Thursday said it does not expects to receive any sum arising from the liquidation of Esquire Consolidated Investment Ltd, a company to which it sold two thirds of its assets in 2012 in a non-cash transaction in exchange for a 20% stake in Esq

Read more
17 Apr 2014 11:47

UK MIDDAY BRIEFING: Hester Making Quick Work Of RSA Revamp

LONDON (Alliance News) - RSA Insurance Group Chief Executive Stephen Hester Thursday went a long way to meeting his asset disposal target, selling the insurer's Polish and Baltic operations as part of its efforts to shore up its balance sheet in the wake of big losses in Irela

Read more
17 Apr 2014 10:37

UK WINNERS & LOSERS: RSA Rises As Baltic, Polish Operations Sold Off

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday. ------- FTSE 100 - WINNERS ------- RSA Insurance Group, up 2.3%. The insurer said it has sold its operations in the Baltics and Poland for GBP30

Read more
17 Apr 2014 10:21

Public Service Properties Looking Into European Care Administration

LONDON (Alliance News) - Public Service Properties Investments Ltd saw its shares fall Thursday after it said it was looking into the implications of European Care & Lifestyles (UK) Ltd falling into administration. The company let nine care facilities in Merseyside and one in Scotland to E

Read more
24 Mar 2014 12:48

Public Service Properties Narrows Loss In 2013 But Revenues Fall

LONDON (Alliance News) - Public Service Properties Investments Ltd Monday said it narrowed its losses after last year's results were hit by revaluation losses on investment property. The European real estate investment and financing company posted a pretax loss of GBP10.8 million for 2013,

Read more
30 Jan 2014 13:54

UK MIDDAY BRIEFING: Equity Markets Turn Lower Again

LONDON (Alliance News) - Global equity markets have turned lower once again Thursday after the Federal Reserve cut its massive monthly bond-buying by a further USD10 billion late Wednesday, taking it down to USD65 billion, from USD85 billion in November.

Equity markets had risen in

Read more
30 Jan 2014 11:41

UK WINNERS & LOSERS: Serco Plummets On Profit Warning

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday.

-------

FTSE 100 - WINNERS

British Sky Broadcasting Group, up 3.1%. BSkyB has raised its dividend

Read more
30 Jan 2014 09:59

Public Service Investments Shares Tumble As Portfolio Value Falls 14%

LONDON (Alliance News) - Public Service Properties Investments Ltd Thursday became one of the biggest fallers on AIM, as it said the value of its investment portfolio decreased by 14%. The European real estate investment and financing company said its UK portfolio was valued at GBP37.7 mill

Read more
30 Jan 2014 09:42

STOCKS NEWS EUROPE-UK small caps fall, tracking blue-chips

The FTSE Small Cap Index is down by 0.1 percent while the junior-listed FTSE AIM All Share Index falls 0.3 percent, with both small-cap indexes tracking a roughly similar 0.4 percent drop on the blue-chip FTSE 100 index. The FTSE 250 mid-cap equity index declines by 0.1 percent. Europ

Read more
30 Jan 2014 09:06

Thursday broker round-up UPDATE

Amedeo Resources: Daniel Stewart initiates with a target price of 2p and a buy recommendation. Anglo American: Credit Suisse ups target price from 1600p to 1650p and leaves its neutral rating unchanged. Antofagasta: Citi takes target price from 270p to 290p, but still recommends selling. JP Morgan

Read more
25 Nov 2013 11:23

Public Service Properties Agrees GBP10.5 Million Debt Refinancing

Read more
25 Nov 2013 07:59

AIM IN BRIEF: UBC Media Confirms Agreement To Acquire 7digital

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.