Appreciate Group Plc completes the sale of Budworth Properties Ltd

  • Aug 11, 2020 BST
  • Team Kalkine
Appreciate Group Plc completes the sale of Budworth Properties Ltd


Appreciate Group Plc (LON: APP) has completed the sale of Budworth Properties Ltd. The said company is a Group subsidiary which owns the land and buildings located at Valley Road, Birkenhead.

  • The disposal was made to HP (Valley Road) Limited for a cash consideration of £3.2 million. The consideration for the disposal, are in line with company’s expectations of the carrying value to be reported as at 31 March 2020.
  • The non-cash impairment charge of £1.8 million is as per the guidance on impairment charges that were provided in the Group's year-end trading update on 30 April 2020.
  • The company has also reported that the land and buildings had been held on the Group's balance sheet as an asset held for sale.
  • On 11August 2020, at the time of writing, GMT 08:09 AM, APP shares were trading at GBX 34.50, unchanged against the previous day closing price.


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