nar6 Nov 2019 13:49
Northamber (AIM: NAR) announces that it has exchanged contracts on the sale of its warehouse facility located in Weybridge, Surrey (the "Warehouse") to OXW Catalina (Logisitics XVI) Limited ("OXW") for £16.4 million, with the consideration to be paid in cash (the "Sale"). The Sale is expected to complete by the end of July.
The Warehouse comprises approximately 80,000 square feet on a five plus acre site accommodating additional car parking for around 100 vehicles and is located some 10 miles from the Company's head office. The Company acquired the freehold in April 2012 for £6.35 million, having occupied the premises since December 1999, and as of 31 Decemb