Gresham House Sells Dorking Property For GBP3.0M

14th Jun 2010 15:10

LONDON (Dow Jones)--Gresham House PLC (GHE.LN) said Monday that on June 11 it completed the sale of its development site at Curtis Road in Dorking for a sum of GBP3.025 million in cash. MAIN FACTS: -The property was held as a current asset with a valuation of GBP2.2 million as at Dec. 31, 2009. -The proceeds of sale will be utilized to reduce bank borrowings and for working capital purposes. -Shares at 1409 GMT unchanged at 300.0 pence. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; [email protected] (END) Dow Jones Newswires June 14, 2010 10:10 ET (14:10 GMT)