RNS Number : 7356J
Town Centre Securities PLC
14 December 2022
 

14 December 2022

Town Centre Securities PLC
(The 'Group' or the 'Company')

Sale of Port Street car park, Manchester

Town Centre Securities PLC, the Leeds, Manchester, Glasgow and London property investment, development, car park and hotel operator, today announces completion of the sale of its surface level car park at Port Street, Manchester.

The Company is pleased to announce that on 14 December 2022 it completed on the sale of its surface level car park at Port Street, Manchester to Select Property Group for £12.95m. The book value of this car park at 30 June 2022 was £12.75m and the net income generated in the year ended 30 June 2022 was £124k. The proceeds from the sale were used to repay bank borrowings.

ENDS

For further information, please contact:

 

Town Centre Securities PLC                               

Edward Ziff, Chairman and Chief Executive

Stewart MacNeill, Group Finance Director

www.tcs-plc.co.uk / @TCS PLC

0113 222 1234

 


MHP Communications                                          

Reg Hoare / Matthew Taylor                      

020 3128 8567

tcs@mhpc.com

 


Liberum                                                                     Jamie Richards / Lauren Kettle / Nikhil Varghese                                                                                             

www.liberum.com

020 3100 2123

Peel Hunt

Carl Gough / Henry Nicholls        

www.peelhunt.com

020 3597 8673 / 8640

 

 

 

 

Town Centre Securities PLC (TCS) is a Leeds based property investor, car park and hotel operator with assets of over £370m. With more than 60 years' experience, a commitment to sustainable development and a reputation for quality and innovation, TCS creates mixed use developments close to transport hubs in targeted major regional cities across the UK.

For more information visit www.tcs-plc.co.uk

 

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