Town Centre Securities (TCS) says that FY18 ended positively with overall trading in line with the board’s expectations. Like-for-like property rental income increased, with a good level of occupancy maintained, and car parking revenues and profits grew further. In addition to refinancing existing bank debt facilities, TCS has also now completed an innovative refinancing of Merrion House in Leeds, which allows it to maintain its joint ownership, benefit from rental increases and receive
23 Jul 2018
Town Centre Securities - Positive trading update and innovative refinancing
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Town Centre Securities - Positive trading update and innovative refinancing
Town Centre Securities PLC (TOWN:LON) | 136 0 0.0% | Mkt Cap: 57.1m
- Published:
23 Jul 2018 -
Author:
Martyn King - Pages:
Town Centre Securities (TCS) says that FY18 ended positively with overall trading in line with the board’s expectations. Like-for-like property rental income increased, with a good level of occupancy maintained, and car parking revenues and profits grew further. In addition to refinancing existing bank debt facilities, TCS has also now completed an innovative refinancing of Merrion House in Leeds, which allows it to maintain its joint ownership, benefit from rental increases and receive