Roebuck Food Group plc (“Roebuck” or “the Company”)
Sale and Leaseback
Roebuck Food Group plc is pleased to announce that its wholly owned subsidiary Moorhead & McGavin Limited has successfully completed the sale and leaseback of its freehold property in Motherwell for £900,000 (net £850,000) after costs to an independent Scottish property investment company on 3 September 2026.
The lease is for 10 years with a break in year 5. The agreed annual rent is £90,000 per annum for the first 5 years, and the lease is guaranteed by Roebuck.
The Company was advised on the transaction by property experts Burnett Real Estate and the legals were handled by Brodies LLP.
Ends
Enquiries:
Roebuck Food Group plc |
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Aidan Hughes, Finance Director | Telephone: + 44 28 3025 7760 |
Davy (Nomad) |
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Anthony Farrell | Telephone: + 353 1 679 6363 |
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Source: https://www.londonstockexchange.com/news-article/RFG/sale-and-leaseback/17772911