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Creightons To Pay GBP3.8 Million For Peterborough Office

(Alliance News) - Creightons PLC on Friday said it has agreed to purchase its principal trading ...

Alliance News 20 September, 2019 | 7:02PM
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(Alliance News) - Creightons PLC on Friday said it has agreed to purchase its principal trading premises in Peterborough for GBP3.8 million from Oratorio Developments Ltd.

Oratorio and Creightons have signed a conditional contract for 1210 Lincoln Road which needs approval from Creightons shareholders. Oratorio is wholly owned by Creightons Director William McIlroy.

Creightons, a manufacturer and brand owner in the beauty and wellbeing sectors, currently leases almost all of the property and will pay for the building with a GBP3.0 million 15-year loan from HSBC UK Bank PLC plus its existing facilities.

Shares in Creightons closed up 1.1% at 35.40 pence in London on Friday.

By Anna Farley; annafarley@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Creightons PLC 46.00 GBX -4.17 -

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Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

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