Energiser agrees sale of Wellingborough residential portfolio
Source - SMW
Energiser Investments has signed a binding contract to sell the 20 residential units in the Wellingborough portfolio for £2,800,000, in line with expectations.
Energiser said the sale was expected to complete and funds paid to it in November.
It said that net of associated bank debt this would return approximately £1,500,000 of cash to Energiser.
It said the funds received from the sale would be used to strengthen its balance sheet in preparation for the next investment.
At 9:24am: (LON:ENGI) Energiser Investments Plc share price was +0.25p at 2p