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.
   
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