Chairman’s Half Year Statement 2017/18

It’s been a very busy first six months for the business as the executive team continues to rationalise the portfolio and I am pleased to report that the first half year results have been encouraging. The financial figures for the …read more

Property Income Distribution

The Directors of Glenstone Property Plc are pleased to report that at a Board Meeting held on Wednesday 21st June 2017 it was resolved that a second interim Property Income distribution of 37.50p per Ordinary Share of 2p each is to …read more

Glenstone acquires Eastcastle Properties

On the 16th October the Glenstone Property Group purchased the total share capital of private property company Eastcastle Properties Ltd in a share for share deal for a total consideration of circa £4m. Eastcastle consists of four property assets valued …read more

Glenstone sells Low Farm Place, Northampton

Glenstone has sold a secondary industrial estate in Moulton Park, Northampton for a sale price of £1.82m. The 31 units estate was owned long leasehold. With substantial capex required over the next few years including the replacement of low grade …read more

Glenstone sells Westcliffe Mansions, Eastbourne

Glenstone has sold a 25 flat residential tower in Eastbourne for a sale price of £5m. This historic holding which has been intensively managed over recent years to improve capital value. With the prospect of further capital expenditure and a …read more

Glenstone acquires Mortlake Business Centre

Glenstone Property Group has acquired Mortlake Business Centre. A mixed use building located in the heart of South West London, the property consists a business centre of 20,000 sq ft over 3 floors, ancillary retail of 3 shops together with …read more

Glenstone acquires London & Surrey

Glenstone Property REIT has doubled its size by acquiring London & Surrey Property Holdings. The combined entity will have a market value of £132m, while the REIT’s annual rent roll will rise to £9.3m from £4.5m. Glenstone has been seeking to …read more