By Josh White
Date: Tuesday 17 Jan 2017
LONDON (ShareCast) - (ShareCast News) - Standard Life Investments Property Income Trust confirmed on Tuesday it has completed the sale of The Quadrangle in Cheltenham for £11.075m.
The company said the 1970s office block extends to approximately 58,900 sq ft, and was acquired in December 2015 as part of the Pearl portfolio for £10.05m including costs.
"The property was single let to RBS with a lease expiry in June 2018," the board said.
"The sale proceeds are being used to reduce borrowings under the revolving credit facility."
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Currency | UK Pounds |
Share Price | 5.62p |
Change Today | 0.020p |
% Change | 0.36 % |
52 Week High | 61.60p |
52 Week Low | 5.28p |
Volume | 244,280 |
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Market Cap | £21.42m |
RiskGrade | 122 |
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4th Interim | 3rd Interim | |
Ex-Div | 19-Dec-24 | 14-Nov-24 |
Paid | 10-Jan-25 | 29-Nov-24 |
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15:03 | 3,262 @ 5.48p |
15:02 | 3,281 @ 5.48p |
14:44 | 28,140 @ 5.56p |
Chair | James Clifton-Brown |
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