U and I Group Plc disposes of three non-core assets

  • Mar 26, 2020 GMT
  • Team Kalkine
U and I Group Plc (LON: UAI) has informed about the disposal of three non-core assets.
  • The company has stated that it has disposed of three non-core assets for a total consideration of £22.4 million.
  • One of the disposed of assets is Crown Glass Shopping Centre in Nailsea for consideration of £11.15 million, while the other two includes, The Killingworth Centre in Newcastle for consideration of £7.5 million; and 89-107 Queen Street in Cardiff for £3.75 million.
  • The company also reported that the three assets were sold at a slightly lower value than their aggregate book value as at 30 September 2019.
  • On 27th March 2020, at the time of writing, GMT 08:04 AM, UAI shares were trading at GBX 87.00, up by 1.20 points or 1.40% against the previous day closing price.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK