TIDMSTE

RNS Number : 6059A

Stewart & Wight PLC

27 March 2017

STEWART & WIGHT PLC

845 FINCHLEY ROAD, LONDON NW11 8NA

TEL: +44 (0)20 8455 1111 FAX: +44 (0)20 8455 9191

ANNOUNCEMENT

27 March 2017

Acquisition of Freehold Retail Property

Stewart & Wight plc ("the company") contracted to purchase the freehold retail property 75 Linthorpe Road Middlesbrough on 24 March 2017. The purchase price is GBP620,000 and will be paid for out of existing funds.

The property is let to HK Foods Limited on a ten year lease from 2 September 2016 at a current rent of GBP45,000 per annum with an upward only rent review on 2 September 2021. 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

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(END) Dow Jones Newswires

March 27, 2017 05:05 ET (09:05 GMT)

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