Business
Purchase of Freehold Interest
Purchase of Freehold Interest.
About this update from James Latham Plc
[{"type":"text","content":"\n Latham(James) PLC\n23 November 2007\n\nThis announcement replaces the version released at 15:16 under RNS number 4106I\nreplacing £4,250,000 with £5,250,000.\n\n\nJames Latham Plc\n\n\nThe Company is pleased to announce that it has purchased the freehold interest\nin Units 1 to 4, Swallow Park, Hemel Hempstead, 43,500 square foot offices and\nwarehouse that it occupies for a cash consideration of £5,250,000 payable on\ncompletion. The units had previously been leased at a cost of £326,100 per\nannum and were subject to a review which would have been effective from June\n2006. It secures the future of the Company's head office and trading operation\nand completes the programme of relocation from the site in Clapton to three\nowned sites at Hemel Hempstead, Thurrock and Purfleet.\n\n\nEnquiries:\n\nPeter Latham, Chairman Tel: 01442 849 100\nDavid Dunmow, Finance Director Tel: 01442 849 100\n\nBlue Oar Securities Plc\nMike Coe, Director, Corporate Finance Tel: 0117 933 0020\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":1293,"tagName":"div"}]