7 Sep 2018 14:30
7 September 2018
LXB Retail Properties Plc
(the "Company" or the "Group")
Disposal of Leisure Investment at Stafford
LXB Retail Properties Plc, the Jersey resident closed-ended real estate investment company focused on edge of town and out of town retail assets, is pleased to announce that the Group has today completed the sale of its leisure investment at Stafford. The Group has received net cash proceeds of £8.0m which is in line with the Board's expectations when it provided its most recent NAV guidance in the Group's Interim Report.
It is expected that a Committee of the Board will meet in due course to consider a further cash return to shareholders.
For further information please contact:
LXBᵌ Partners LLP Tim Walton, CEOBrendan O'Grady, FD
| Tel: 020 7432 7900 |
J.P. Morgan Cazenove (NOMAD) Bronson Albery/Paul Hewlett
| Tel: 020 7742 4000 |
Buchanan Charles Ryland/Henry Wilson | Tel: 020 7466 5000 |
LXB.L (LXB)