Purchase of Warehouse Facility

RNS Number : 8242W

Northamber PLC

13 December 2019

 

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

13 December 2019

Northamber PLC

("Northamber" or "the Company")

Purchase of Warehouse Facility

Northamber (AIM: NAR) announces that it has simultaneously exchanged and completed yesterday on the purchase of a freehold warehouse facility located in Westpoint Industrial Estate, Swindon (the "Warehouse") for £3.2 million, with the consideration to be paid in cash from the Company's existing resources.

The Warehouse was constructed in the late 1980's and comprises approximately 51,000 square feet on a 2 acre site.  The Board believes that the Warehouse meets the Company's current and anticipated requirements and is ideally located, given the proximity of major road networks and it is also close to the Company's courier partner.

For more information please contact:

Cantor Fitzgerald Europe (Nominated Adviser & Broker)	020 7894 7000
Phil Davies Michael Boot

 

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