Ediston Property Investment Company plc ('Ediston' or 'the Company') is a UK-listed Real Estate
Investment Trust (REIT) investing in commercial property throughout the UK.

London Stock exchange

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Ediston

Oct 17 2019
0

Trio of EPIC lease transactions

By | News
The Company has completed three significant lease transactions which have secured £857,244 of income per annum, and reduced the vacancy rate by 15%. In a turbulent retail market, which is evolving in response to the changing needs of retailers, the Company continues to do deals, completing one new letting and two lease extensions.  These deals take the number of deals completed in EPIC’s retail warehouse portfolio during the past 12 months to 21. At Clwyd Retail Park in Rhyl, anchor tenant B&Q committed to the park by signing a new 10-year lease, which will expire in 2029.  B&Q will continue to pay £508,644 per annum (£12.25 per sq. ft.). The second lease extension was at Barnsley East Retail Park.  Dunelm,
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Jul 24 2019
0

Knotty Ash Sale

By | News
The Company has completed the sale of Knotty Ash, Liverpool, a leisure unit let to Mecca Bingo Limited until September 2022. The sale price was £2,915,000, which is in line with the 30 June 2019 valuation. Due to confidentiality the Company is unable to disclose who the purchaser is. The lot size is well below the average lot size of the Company. We believe the sale proceeds can be reinvested in a way which is value accretive for investors, either by carrying out asset management on existing properties or acquiring a new building in line with the preferred lot size and investment strategy of the Company.
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Jul 22 2019
0

B&Q commits to Rhyl until September 2029

By | News
Despite the negative sentiment which surrounds the retail sector, we continue to do deals in our retail warehouse portfolio. In June we completed a lease extension with B&Q plc at Clwyd Retail Park in Rhyl. B&Q is the anchor tenant on the park and occupies a unit of 41,520 sq. ft. The DIY retailer has underscored its commitment to the location by signing a lease extension which will expire in June 2029. B&Q will continue to pay £508,644 per annum and will receive a 13-month rent free period to facilitate the deal. This success follows transactions completed earlier in the year at our retail warehouse parks in Barnsley, Hull, Prestatyn and Sunderland. All these lettings and lease renewals have secured
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Ediston Property Investment Company plc
Level 13 Broadgate Tower
20 Primrose Street
London
EC2A 2EW

info@ediston.com

Registered in England
Company No. 09090446

© Ediston Property Investment Company plc 2018. All rights reserved.