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LXB Retail Properties Plc  -  LXB   

Disposal of Leisure Investment at Stafford

Released 14:30 07-Sep-2018

RNS Number : 1672A
LXB Retail Properties Plc
07 September 2018
 

 

7 September 2018

LXB Retail Properties Plc

(the "Company" or the "Group")

 

Disposal of Leisure Investment at Stafford

 

LXB Retail Properties Plc, the Jersey resident closed-ended real estate investment company focused on edge of town and out of town retail assets, is pleased to announce that the Group has today completed the sale of its leisure investment at Stafford. The Group has received net cash proceeds of £8.0m which is in line with the Board's expectations when it provided its most recent NAV guidance in the Group's Interim Report.

 

It is expected that a Committee of the Board will meet in due course to consider a further cash return to shareholders.

 

 

For further information please contact:

 

LXBᵌ Partners LLP

Tim Walton, CEO
Brendan O'Grady, FD

 

Tel: 020 7432 7900

J.P. Morgan Cazenove (NOMAD)             

Bronson Albery/Paul Hewlett

 

Tel: 020 7742 4000

Buchanan                                                           

Charles Ryland/Henry Wilson

Tel: 020 7466 5000

 


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Disposal of Leisure Investment at Stafford - RNS