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Safeland plc Announces Acquisition Of Property

Tuesday, 9 Jul 2013 02:00am EDT 

Safeland plc announced that it has exchanged contracts to acquire a property in Muswell Hill for a consideration of GBP4.65 million which is to be satisfied from a recently renewed three year revolving credit facility of GBP12.5 million. Completion of the purchase is expected at the end of September 2013. The property which is approximately 19,500 sq ft (gross internal area) was, up until recently trading as a hotel, and has a lapsed planning consent for conversion into residential flats. 

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-0.5 -1.15%
17 Oct 2014