Share Prices & Company Research

Market News

24 Jun 2019 | 07:51

London & Associated Properties sells long lease on Sheffield retail unit to Metro Bank

London & Associated Properties said it had unconditionally exchanged contracts to sell a 999 year lease on 58-64 Fargate, the unit at the front of its Orchard Square shopping centre in Sheffield, to Metro Bank for its own occupation.

The unit, currently let to River Island at £495,000 a year, would generate net cash inflow from the sale of £9.5m, which would be used to pay down outstanding debt on the shopping centre.

Story provided by
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.