After being cleared from trading the real estate company Ashtram Properties owns
Ashtrom Group
+ 4.61%
Base:5,726
opening:5,770
Tall:6,000
low:5,770
change:1,980,409
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It reports that it is negotiating the purchase of an office building in England, for about £ 88 million. The company estimates that the rent expected to be received from the property will reach about 4.9 million pounds per year.
According to the company’s announcement, the subsidiary (100%) Ashtrom Properties UK, is negotiating with a third party for the purchase of the building, which covers 16,300 square meters. Of this, about 90% is office space and the rest commercial space. Financing of the transaction will be from its independent sources. Of the company and from bank financing.
About two months ago, the company reported the acceptance of the terms of the tender offer published by the parent company Ashtrom Group. As part of this, for the acquisition of approximately 39.6 million shares in Ashtrom Properties (45.7%), approximately 17.8 million shares of Ashtrom Group will be allotted.
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