FOR IMMEDIATE RELEASE
1 August 2019
LONDON & ASSOCIATED PROPERTIES PLC:
London & Associated Properties PLC (“LAP” or “the Company”) today announces it has completed the sale of a building in Brixton to an overseas buyer for £2.35m cash.
The property was originally acquired in 2006 and formed part of the Atlantic portfolio which included the successful Brixton markets that LAP sold in 2018 for £37.25m.
The property was last valued at £2.285m as at 31 December 2018 reflecting the value of the offer less costs.
The cash has been added to the Company’s reserves.
John Heller, Chief Executive, LAP. Tel: 020 7415 5000
Baron Phillips, Baron Phillips Associates. Tel: 07767 444193