15 Feb 2018 12:00
Ground Rents Income Fund plc
("GRIF" or the "Company")
Asset Management Plan and Investor Report
Ground Rents Income Fund plc, a listed real estate investment trust (REIT) investing in UK ground rents, announces that further to the Company's announcement of 22 December 2017, the Board has now considered the statement made by the Communities Secretary, the Department for Communities and Local Government's consultation responses and the subsequent Government response to the consultation, and is pleased to confirm that the Company's Asset Management Plan will resume with immediate effect.
The Asset Management Plan enables affected leaseholders to elect to have their ground rent review terms to be amended from doubling, to the lesser of doubling or RPI.
In addition, the Company announces that its December 2017 investor report has been published. Please follow the link below to access the report.
http://www.rns-pdf.londonstockexchange.com/rns/0251F_-2018-2-15.pdf
Contacts:
Ground Rents Income Fund plc |
|
Simon Wombwell (Director) | 020 7499 6424 |
|
|
Brooks Macdonald Funds Limited |
|
James Agar (Director) | 020 7659 3454 |
|
|
N+1 Singer (Broker) |
|
James Maxwell / Liz Yong | 020 7496 3000 |
|
|
Tavistock (Media) |
|
Jeremy Carey / James Whitmore | 020 7920 3150 |
|
|
Appleby Securities (Channel Islands) Limited |
|
Kate Storey / Danielle Machon | 01481 755600 |
Ground Rents (GRIO)