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Stobart Group completes distribution centre sale

22 February 2016 09:20

Stobart Group has completed the sale of its 315,000 sq ft distribution centre at Carlisle Airport for GBP16.925m cash, marking the successful conclusion of the first phase of development at the airport.

The distribution centre asset was held in SAD1 Stobart Air Development 1 Limited, a company which has been sold in this transaction.

At 9:20am: (LON:STOB) Stobart Group Ltd share price was +5p at 101.25p

Story provided by StockMarketWire.com

Related Company: STOB

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