Acquisition of property

RNS Number : 0643B

Wynnstay Properties PLC

14 June 2016

 

14 June 2016

Wynnstay Properties PLC (the "Company")

Acquisition of property

The Company is pleased to report that contracts to purchase four adjoining trade counter and industrial units in Lichfield from Ebury (Lichfield) Limited have been exchanged, with completion in the near future.

The acquisition price of £1.95 million will be funded from the Company's own cash resources together with a new additional facility of £1.34 million from the Company's bankers. The four units generate net rental income of £134,250 per annum.

For further information please contact:

Wynnstay Properties Plc

Toby Parker, Finance Director

020 7554 8766

Panmure Gordon (UK) Limited

Andrew Potts

020 7886 2500

 

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