Business
Sale of South Shields Retail
Sale of South Shields Retail.
About this update from Henry Boot Plc
[{"type":"text","content":"\n RNS Number : 9659I Boot(Henry) PLC 23 March 2010 \n \n\nHENRY BOOT PLC\n \n \nSale of South Shields Retail Investment\n \n \nHenry Boot Developments Limited ('the Company'), the property development and investment subsidiary of Henry Boot PLC, has completed the sale of its highly successful Waterloo Square retail investment in South Shields town centre to Royal London Mutual Insurance Society Limited.\n \n \nThis retail development, originally undertaken in partnership with South Tyneside Council as part of a large regeneration scheme which also includes a 60,000 sq ft Asda foodstore, comprises over 70,000 sq ft of non food retail space let to quality fashion retailers Next, Debenhams, BHS and River Island.\n \n \nThe sale price was £11.5m which achieved an investment yield of 5.8% and was 28% above the 2009 year end valuation of £9m, reflecting a strong recovery in investment values for the type of quality well-let property investments the Company develops.\n \n \n \nFor further information, please contact:\n \nHenry Boot PLC\nJamie Boot, Group Managing Director\nJohn Sutcliffe, Group Finance Director\nTel: 0114 255 5444\n \nCitigate Dewe Rogerson\nFiona Tooley\nTel: 0121 362 4035\nMobile: 07785 703523\n \n \n \nEditors Note:\n \nHenry Boot PLC announced preliminary results for the year end 31 December 2009 today. Further details can be found on the website www.henryboot.co.uk\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END DISLLFSEVAIFFII \n ","length":3216,"tagName":"div"}]