Stewart & Wight PLC Acquisition (2343M)
11 October 2016 - 9:19PM
UK Regulatory
TIDMSTE
RNS Number : 2343M
Stewart & Wight PLC
11 October 2016
STEWART & WIGHT PLC
845 FINCHLEY ROAD, LONDON NW11 8NA
TEL: +44 (0)20 8455 1111 FAX: +44 (0)20 8455 9191
ANNOUNCEMENT
11 October 2016
Acquisition of freehold property
Stewart & Wight plc ("the company") has contracted to
purchase of the freehold property 75 High Street Barnstaple this
week. Barclays Bank has agreed to lend the Company GBP1m towards
the purchase price of GBP1,130,000. The balance will be met from
own funds.
The property is let to Costa Limited for a term of 12 years from
25 March 2006 at a current rent of GBP85,000 per annum. The
property is let on a full repairing and insuring lease.
The Board of Stewart & Wight considers that this acquisition
will be a valuable addition to its property portfolio.
DAVID M CRAMER
Director
For enquiries about buying and selling shares in Stewart and
Wight Plc please contact Mr Lawrence Marshom , Walker Crips
Stockbrokers Limited, Finsbury Tower,103-105 Bunhill Row, London
,EC1Y 8LZ.Telephone:44 (0)20 3100 8660
Registered office as above. Registered in England No. 57142
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQMMMMGGMNGVZM
(END) Dow Jones Newswires
October 11, 2016 06:19 ET (10:19 GMT)
Stewart & Wight (LSE:STE)
Historical Stock Chart
From May 2024 to Jun 2024
Stewart & Wight (LSE:STE)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Stewart & Wight (London Stock Exchange): 0 recent articles
More Stewart & Wight News Articles