TIDMWSP

RNS Number : 0643B

Wynnstay Properties PLC

14 June 2016

14 June 2016

Wynnstay Properties PLC (the "Company")

Acquisition of property

The Company is pleased to report that contracts to purchase four adjoining trade counter and industrial units in Lichfield from Ebury (Lichfield) Limited have been exchanged, with completion in the near future.

The acquisition price of GBP1.95 million will be funded from the Company's own cash resources together with a new additional facility of GBP1.34 million from the Company's bankers. The four units generate net rental income of GBP134,250 per annum.

For further information please contact:

Wynnstay Properties Plc

Toby Parker, Finance Director

020 7554 8766

Panmure Gordon (UK) Limited

Andrew Potts

020 7886 2500

This information is provided by RNS

The company news service from the London Stock Exchange

END

ACQAKNDKOBKDCAD

(END) Dow Jones Newswires

June 14, 2016 02:00 ET (06:00 GMT)

Wynnstay Properties (LSE:WSP)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Wynnstay Properties Charts.
Wynnstay Properties (LSE:WSP)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Wynnstay Properties Charts.