Alpha Pyrenees Trust Limited Sale of Property (3806T)
July 17 2015 - 6:15AM
UK Regulatory
TIDMALPH
RNS Number : 3806T
Alpha Pyrenees Trust Limited
17 July 2015
17 JULY 2015
ALPHA PYRENEES TRUST LIMITED
("ALPHA PYRENEES" OR THE "TRUST")
ALPHA PYRENEES SELLS CÓRDOBA RETAIL PARK INVESTMENT IN SOUTHERN
SPAIN
Alpha Pyrenees has sold the Connecta Retail Park investment in
Córdoba, one of the principal cities in the Andalucia region, for
EUR15.3 million which compares to its 31 December 2014 valuation
(EUR15.4 million). The property totals approximately 16,880 square
metres and is located on the Avenida de Cadiz, the main access
route from the A4 motorway to the city centre. Tenants on the
Connecta Retail Park include MediaMarkt, Sprinter, Dia, Norauto,
McDonalds and VisionLab. The purchaser is a private investment
company.
The sale forms part of the orderly realisation process supported
by the Trust's lender, Barclays Bank PLC ("Barclays"), and the net
proceeds from this sale will be used to reduce the Trust's
borrowings with Barclays.
The Trust will provide further updates in due course.
For further information:
Dick Kingston, Chairman, Alpha Pyrenees Trust Limited 01481 231100
Paul Cable, Fund Manager, Alpha Real Capital LLP 020 7391 4700
For more information on the Trust, please visit
www.alphapyreneestrust.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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