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Character Group sells UK overspill warehouse for £3.5m
7th Jan 2021 12:11
(Sharecast News) - Character Group announced on Thursday that contracts have been exchanged for the sale of its UK overspill warehousing facility at Vernon Works, Oldham in Lancashire.
The AIM-traded firm said the sale was for £3.5m in cash, excluding VAT.
It said completion was scheduled to take place on 29 January.
"The freehold to the facility was acquired by the group in July 2011 for a total cost of £1.78m, and had a net book value at 31 August of £1.44m," the company said in its statement.
At 0827 GMT, shares in Character Group were up 0.96% at 419p.
The AIM-traded firm said the sale was for £3.5m in cash, excluding VAT.
It said completion was scheduled to take place on 29 January.
"The freehold to the facility was acquired by the group in July 2011 for a total cost of £1.78m, and had a net book value at 31 August of £1.44m," the company said in its statement.
At 0827 GMT, shares in Character Group were up 0.96% at 419p.