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Deal snapshot: EDISTON PROPERTY INVESTMENT ACQUIRES HADDINGTON, UK DEVELOPMENT SITE.

MANews-(C)2009-2018

UK-based REIT Ediston Property Investment Company plc (LSE: EPIC) has acquired seven acres of development land on West Road, Haddington for GBP 2.75m (USD 3.84m) plus costs, the company said.

The Royal Burgh of Haddington, which is located 19 miles east of Edinburgh, is the administrative centre for East Lothian, and has become an established commuter town due to its proximity to the A1 and Edinburgh. According to Ediston, the town has experienced significant housing growth over the past five years with approximately 1,500 homes either completed or under construction.

Country: UK

Sector: Construction/Real Estate

Target: Seven acres of development land on West Road, Haddington

Buyer: Ediston Property Investment Company

Vendor:

Deal size in USD: 3.84m

Type: LBO

Financing: Cash

Status: Closed

Buyer advisor: , ,

Comment:

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Publication:M & A Navigator
Geographic Code:4EUUK
Date:Feb 27, 2018
Words:133
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