Highcroft Investments PLC Warehouse Property Acquisition (7321A)
2023年5月26日 - 3:00PM
RNSを含む英国規制内ニュース (英語)
TIDMHCFT
RNS Number : 7321A
Highcroft Investments PLC
26 May 2023
26 May 2023
Highcroft Investments PLC
Warehouse Property Acquisition
The Board is pleased to announce that Highcroft Investments PLC,
via its property owning subsidiary Rodenhurst Estates Ltd,
yesterday completed on the acquisition of the freehold interest of
a property being units 1-7 Bluestem Road, Ipswich, Suffolk IP3
9UH.
The property, acquired from Monte Blackburn Limited, comprises 2
semi-detached and 1 detached unit totalling 49,196 sq ft. The units
occupy a site of 2.19 acres. The property is fully let to Branded
Garden Products Limited (t/a Thompson & Morgan), one of the
UK's largest mail-order seed, plant and garden product retailers.
The tenant took occupation of the building on a new 10-year lease
from 31st May 2022 and expiring 30th May 2032. The lease is subject
to a Tenant break option on 31st May 2027, offering a term certain
of 4 yrs. The lease is fully repairing and insuring subject to a
schedule of condition, and the current passing rent is GBP7.49 psf
equating to GBP368,500 per annum.
The property has been acquired for GBP5,500,000, exclusive of
costs, which represents a NIY of 6.3%. The acquisition will be
funded by utilising the remaining cash from the sale of the
Llantrisant asset on 8 February 2023 together with GBP2m of
existing cash resources.
Commenting on the acquisition, chief executive Paul Leaf-Wright
said "We are pleased to have redeployed the remaining part of the
net proceeds of GBP7.76m received from the recent sale of our
Llantrisant property, into a well-located logistics asset that
offers particularly good prospects for capturing rental growth
going forward. This further adds to our existing strategy of
generating sustainable long-term income for our shareholders. This
now concludes the redeployment of the Llantrisant cash proceeds,
and the focus will continue to be on ensuring the performance of
the assets in the Company."
For further information contact:
Highcroft Investments PLC:
Paul Leaf-Wright / Roberta Miles 01869 352766
Singer Capital Markets
Peter Steel / Alex Emslie - Investment Banking
+44 (0)20 7496 3000
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END
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(END) Dow Jones Newswires
May 26, 2023 02:00 ET (06:00 GMT)
Highcroft Investments (LSE:HCFT)
過去 株価チャート
から 4 2024 まで 5 2024
Highcroft Investments (LSE:HCFT)
過去 株価チャート
から 5 2023 まで 5 2024