Lords Group Trading PLC (GB:LORD) has released an update.
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Lords Group Trading PLC has successfully completed a sale and leaseback deal for their Heathrow branch property, operated by George Lines for over four decades, to Outback UK Propco 2 A Limited for £7.1 million. The deal includes a 15-year leaseback agreement at market terms and aims to reduce the company’s debt while increasing liquidity to support future growth. CEO Shanker Patel expressed confidence in the transaction, highlighting its alignment with the company’s growth strategy and operational efficiency.
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