Ascot PLC
24 January 2001
Ascot PLC ('Ascot')
Purchase of Freehold Property
Ascot has bought in, at a net cost of £13.5 million paid
in cash, the freehold of The Lyne Hill Industrial Estate,
Penkridge, a property of which it is a tenant under an
onerous lease expiring in December 2012. The sole
purpose of the purchase is to give Ascot greater control
over the ultimate disposal of the property.
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