Sale of Property

16 Mar 2007 17:58

Highcroft Investments PLC16 March 2007 HIGHCROFT INVESTMENTS PLC Commercial Property Investment A subsidiary of Highcroft Investments PLC, Rodenhurst Estates Limited, has todaysold an office property located in Solihull, West Midlands. The property is let to Siemens Properties Limited, with a guarantee from SiemensHoldings Plc on a lease that runs to 2015. Net rental income, which is theprofit attributable to the property, is £125,000 p.a. The value of the gross and net assets acquired is to be satisfied by aconsideration of £1,890,000. The proceeds will initially reduce the medium termborrowings of the group and ultimately be reinvested in the property portfolio. 16 March 2007 This information is provided by RNS The company news service from the London Stock Exchange