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  4. London & Associated Properties Share Regulatory News
  5. Completion of Brixton Markets Sale

Pin to quick picksLondon & Associated Properties Regulatory News (LAS)

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Completion of Brixton Markets Sale

27 Apr 2018 08:00

LONDON AND ASSOCIATED PROPERTIES PLC - Completion of Brixton Markets Sale

LONDON AND ASSOCIATED PROPERTIES PLC - Completion of Brixton Markets Sale

PR Newswire

London, April 26

27 April 2018

LONDON & ASSOCIATED PROPERTIES PLC (“LAP”):

COMPLETION OF BRIXTON MARKETS SALE

LAP announces it completed on 26 April 2018 the sale of Market Row and Brixton Village to Market Village Limited for a combined cash consideration of £37.25 million.

Last valued as at 31 December 2016 the sale represents a substantial profit over the stated book value of £24.5 million. £15.9 million of the proceeds have been used to repay debt, and the balance has been added to LAP’s cash reserves.

Ends.

Contact:

John Heller, Chief Executive, LAP. Tel: 020 7415 5000

Baron Phillips, Baron Phillips Associates. Tel: 07767 444193

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