Edition:
United States

‍Helical PLC sells logistics portfolio for 150 mln stg​


Tuesday, 6 Mar 2018 02:07am EST 

March 6 (Reuters) - Helical Plc ::‍HELICAL PLC ANNOUNCES THAT IS HAS EXCHANGED CONTRACTS TO SELL MAGNUS PORTFOLIO OF 20 LOGISTICS ASSETS TO REAL ESTATE FUNDS MANAGED BY BLACKSTONE AND M7 REAL ESTATE FOR £150M.​.‍PRICE ACHIEVED IS A 14% PREMIUM TO SEPTEMBER 2017 BOOK VALUE AND NET PROCEEDS WILL BE USED TO REDUCE DEBT AND ANNUAL FINANCE COSTS.​.