March 6, 2018 / 7:11 AM / 3 months ago

BRIEF-‍Helical PLC sells logistics portfolio for 150 mln stg​

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.​ Source text for Eikon: Further company coverage: (Reporting By Sinead Cruise)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below