StockMarketWire.com - Ediston Property Investment Co has completed the acquisition of its initial property portfolio of five properties or an aggregate consideration of £76.7m on the terms set out in the prospectus dated 16 October.

The initial property portfolio includes properties in prominent UK commercial locations with opportunities to enhance income by inter alia re-negotiating leases, refurbishing and then re-letting vacant space and/or implementing controlled pre let development plans.

Ediston Properties Limited, the Company's investment adviser, is currently exploring a number of opportunities to invest the remaining proceeds from the recent placing and offer for subscription.


At 1:08pm: [LON:EPIC] Ediston Property Investment Company Plc Ord 1p share price was +0.01p at 102.38p



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