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1 Aug 2019 10:29
LONDON AND ASSOCIATED PROPERTIES PLC - ÂŁ2.35M SaleLONDON AND ASSOCIATED PROPERTIES PLC - ÂŁ2.35M Sale
PR Newswire
London, August 1
FOR IMMEDIATE RELEASE
1 August 2019
LONDON & ASSOCIATED PROPERTIES PLC:
ÂŁ2.35M SALE
London & Associated Properties PLC (“LAP” or “the Company”) today announces it has completed the sale of a building in Brixton to an overseas buyer for £2.35m cash.
The property was originally acquired in 2006 and formed part of the Atlantic portfolio which included the successful Brixton markets that LAP sold in 2018 for ÂŁ37.25m.
The property was last valued at ÂŁ2.285m as at 31 December 2018 reflecting the value of the offer less costs.
The cash has been added to the Company’s reserves.
Ends.
Contact:
John Heller, Chief Executive, LAP. Tel: 020 7415 5000
Baron Phillips, Baron Phillips Associates. Tel: 07767 444193
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