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Pin to quick picksAlpha Real Regulatory News (ARTL)

Alpha Real Information

Share Price Information for Alpha Real (ARTL)

London Stock Exchange
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Share Price: 137.50
Bid: 130.00
Ask: 145.00
Change: 0.00 (0.00%)
Spread: 15.00 (11.538%)
Open: 137.50
High: 137.50
Low: 137.50
Prev. Close: 137.50
ARTL Live PriceLast checked at -
Alpha Real is an Investment Trust

To seek high total returns through focusing on high-yielding property, real estate, infrastructure, asset backed debt and equity investments in Western Europe.

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Update re Investment

2 Feb 2011 07:00

RNS Number : 5090A
Alpha Tiger Property Trust Limited
02 February 2011
 



2 February 2011

 

ALPHA TIGER PROPERTY TRUST LIMITED ("ALPHA TIGER")

ALPHA TIGER ANNOUNCES RECOMMENCEMENT OF ARBITRATION PROCEEDINGS TO PROTECT ITS GALAXIA INVESTMENT

 

As previously announced, Alpha Tiger and its development partner Logix Group had entered into a settlement agreement to jointly explore a sale of their interests in the Galaxia project, an 11.2 acre special economic zone located in NOIDA, India.

The Board wishes to advise that following breaches by Logix Group, Alpha Tiger has recommenced arbitration proceedings in order to protect its Galaxia investment.

Notwithstanding the above, the company is continuing to actively explore avenues for a sale of the development.

 

Further updates will be provided in due course.

 

 

 

For further information please contact:

Alpha Tiger Property Trust Limited

David Jeffreys, Chairman, Alpha Tiger +44 (0) 1481 735540

Brad Bauman, Joint Fund Manager, Alpha Tiger +44 (0) 20 7268 0300

 

Panmure Gordon, Nominated Adviser to the Company

Richard Gray / Andrew Potts +44 (0) 20 7459 3600

Notes to editors:

 

About Alpha Tiger Property Trust

Further information is available at www.alphatigerpropertytrust.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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