By Wahida Swaleh
Date: Tuesday 19 Aug 2014
LONDON (ShareCast) - Schroder Real Estate has exchanged contracts to acquire Stacy Bushes Industrial Estate in Milton Keynes for £9.2m.
The property, which produces rent of £755,726 per year, is currently let to 12 tenants with an average unexpired lease term, assuming all tenant breaks are exercised, of 4.5 years and with 20% of the area currently vacant.
Following completion of the acquisition, which is expected to take place on 21 August, the company will have cash of approximately £14.2m and a net loan-to-value.
The company recently sold a non-income-producing site in Wembley for gross sale proceeds of £7.56m.
As of 09:10 the share price had dropped 0.4% to 53.5p.
WS
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Currency | UK Pounds |
Share Price | 45.30p |
Change Today | 0.30p |
% Change | 0.67 % |
52 Week High | 46.40 |
52 Week Low | 39.60 |
Volume | 196,694 |
Shares Issued | 489.11m |
Market Cap | £221.57m |
Value |
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Price Trend |
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Income |
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Growth |
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Latest | Previous | |
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3rd Interim | 2nd Interim | |
Ex-Div | 07-Mar-24 | 30-Nov-23 |
Paid | 28-Mar-24 | 22-Dec-23 |
Amount | 0.84p | 0.84p |
Time | Volume / Share Price |
15:27 | 15,000 @ 45.03p |
15:25 | 217 @ 45.30p |
15:24 | 15,000 @ 45.16p |
15:19 | 500 @ 45.05p |
15:14 | 3,500 @ 45.05p |
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