StockMarketWire.com - KCR Residential REIT sold Wednesday its subsidiary Cygnet to a subsidiary of Inland Homes for £1.14m.

Cygnet owned two long leases on supermarket sites in southeast England and the sale included the associated debt facility, the company said.

KCR had acquired Cygnet on 29 June from Inland.

The sale proceeds, excluding costs, would be used to pay down KCR's debt.




At 10:15am: [LON:KCR] KCR Residential Reit PLC share price was 0p at 54p



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