StockMarketWire.com - Flooring retailer Topps Tiles said it had agreed the £18.1m sale and leaseback of its head office and central warehouse buildings at Grove Park in Enderby, Leicester to UK Warehouse Properties.

The payment represented a premium of about 29.3% to the balance sheet asset value of the properties of £14.0 million, Topps Tiles said.

Sale proceeds would further strengthen the company;s financial position as it responded to the Covid-19 crisis.




Story provided by StockMarketWire.com