Deal snapshot: EDISTON PROPERTY INVESTMENT ACQUIRES HADDINGTON, UK DEVELOPMENT SITE.
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.
Sector: Construction/Real Estate
Target: Seven acres of development land on West Road, Haddington
Buyer: Ediston Property Investment Company
Deal size in USD: 3.84m
Buyer advisor: , ,
|Printer friendly Cite/link Email Feedback|
|Publication:||M & A Navigator|
|Date:||Feb 27, 2018|
|Previous Article:||Deal snapshot: ANGLO AMERICAN CLOSES SALE OF DRAYTON COAL MINE TO AUSTRALIA'S MALABAR COAL.|
|Next Article:||Deal snapshot: AEW LONG LEASE REIT BUYS SOUTH EAST PETROL STATION FOR GBP 3.82M.|