Acquisition
29 Maio 2003 - 7:49AM
UK Regulatory
RNS Number:6727L
Bolton Group (International) Ld
29 May 2003
ACQUISITION OF SEVEN INVESTMENT PROPERTIES
FOR #860,000
Bolton Group (International) Limited (the "Bolton Group"), the real estate
holding and development group, announces that its wholly owned subsidiary,
Bluekirk Limited, has exchanged contracts for the acquisition of seven
residential investment properties in Hong Kong and Shenzhen, China (the "
Investment Properties") for a total cash consideration of #860,000. Completion
is expected on or before 31 August 2003.
These Investment Properties have an aggregate annual rental income of #38,800
and an annual yield of 4.51%.
Jack Law, Deputy Chairman of Bolton Group, said: "The Board has decided to
invest in these properties because the potential for capital appreciation is
higher in Hong Kong and China than in the UK."
For further information, please contact:
Bolton Group (International) Limited Tel: 020 7499 7922
Peter Derby, Chairman
Rawlings Financial PR Limited Tel: 01756 770 376
Catriona Valentine
This information is provided by RNS
The company news service from the London Stock Exchange
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