Alpha Pyrenees Trust Limited Alpha Pyrenees Sells Retail Centre in Spain (1263A)
December 21 2017 - 10:22AM
UK Regulatory
TIDMALPH
RNS Number : 1263A
Alpha Pyrenees Trust Limited
21 December 2017
21 December 2017
ALPHA PYRENEES TRUST LIMITED
("ALPHA PYRENEES" OR THE "TRUST")
ALPHA PYRENEES SELLS RETAIL CENTRE IN SPAIN
Alpha Pyrenees has sold the various units it held in the retail
and leisure centre known as Las Torres located at Ecija in
Andalusia totalling approximately 5,865 square metres for
EUR500,000.
The purchaser is a private Spanish investment company.
The sale forms part of the orderly realisation process supported
by the Trust's lender, Barclays Bank PLC, and the net proceeds from
this sale will be used to reduce the Trust's bank borrowings.
As the Board has previously stated, the sales process will not
result in any return to ordinary shareholders after repayment of
the Trust's bank borrowings has taken place, to the extent that
this is possible.
The Trust will provide further updates in due course.
For further information:
Serena Tremlett, 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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