StockMarketWire.com - The Local Shopping REIT reported in its half-year report that it was in discussions with a party interested in purchasing the its remaining property assets.

These discussions have not led to a transaction and have been concluded.

The Company says it will continue with its programme of selling individual assets and small portfolios. The sales programme continued during the recent discussions and property sales since the change in investment strategy in July last year have reached £88.15m, with a further £3.73m currently under offer in 35 separate transactions.

The sales programme will have regard to the increased flexibility that is likely to arise from expiry of majority of the company's interest rate hedges in June next year.

Its target of completing the disposal process by the end of 2017 and returning cash to shareholders as soon as possible thereafter remains unchanged.




At 10:31am: [LON:LSR] Local Shopping REIT The PLC share price was -0.63p at 27.75p



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