Warner Estate: Agora Completes Grange, Pyramid Centres Sale Fro GBP70 Million
22 Dicembre 2011 - 4:39PM
Dow Jones News
Warner Estate Holdings PLC (WNER.LN), said Thursday that Agora
Max Ltd, a 50/50 Joint Venture with Uberior Ventures Ltd, has
completed the sale of The Grange and Pyramid Shopping Centres,
Birkenhead for a cash consideration of GBP70 million.
MAIN FACTS:
-The proceeds of the sale will be utilized to reduce the debt
within Agora Max, which is non-recourse to the Group.
The carrying value of the investment in Agora Max on the
Company's balance sheet was written down to GBPNil some time
ago.
-By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275;
razak.baba@dowjones.com
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