Chairman’s Interim Statement & Financials – September 2020
Posted on December 10, 2020
Since the March 2020 year end the executive team have dealt with circumstances that none of us could have envisaged 12 months ago. Despite the considerable amount of time dealing with occupiers and negotiating payments the executive team have managed to continue with implementing our strategy of becoming a fully diversified REIT.
During the 6 months under review the company sold seven properties receiving £26.6m. The combined proceeds were substantially above book value and this has put the company in a stronger financial position with gearing at the end September 2020 at approximately 13% and cash and available debt facilities of £34m.
Please click on the Interim Report below to read the full Chairman’s Statement and Financials…