Glenstone have completed the purchase of a single let industrial unit in Northampton. The unit is let to Boost Trampoline Parks on a 10 year lease. The property comprises a modern warehouse unit totalling approximately 30,000 sq.ft let at £6.69 …read more
On 18th December 2018 Glenstone Property plc purchased the total share capital of a private holding company Ravensthorpe Holdings Limited in a cash deal for a total consideration of circa £1.9m. Ravensthorpe consists of a single-let industrial site in close …read more
Whilst there haven’t been any significant changes to the property portfolio in the first 6 months of the current financial year the executive team have been actively managing the portfolio with a focus on maintaining rental income. With a challenging …read more
The Directors of Glenstone Property plc are pleased to report that at a Board Meeting held on Wedneday 28th November 2018 it was resolved that a first Interim Property Income Distribution of 25p per Ordinary share of 2p each will …read more
The Company is pleased to announce that, at the Annual General Meeting on 11 September 2018, all resolutions were passed on a show of hands. In presenting the resolutions to the attendees Mr Chris Powell, Chairman, gave the following explanation …read more
Glenstone have completed the purchase of Prices Candles headquarters and distribution centre in Bedford. Prices Candles are the largest distributor of candles in Europe. The property comprises a modern warehouse unit totalling approximately 45,000 sq. ft let at £6 per …read more
The Board are pleased to publish the results for the year ended 31 March 2018. Hard copies will be sent to shareholders together with the notice of AGM (11th September) and associated papers on 4th August. Glenstone Annual Report 2018
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
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
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 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 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