C H Bailey sells Malta-based asset for €1.725m
C H Bailey has conditionally sold an asset in Malta for a total of €1.725m, the company announced on Monday.
Bailey (C.H.)
92.50p
16:54 13/02/19
0.00%
0.00p
Industrial Engineering
13,884.29
16:59 23/04/24
1.03%
141.25
The multifaceted company, with investments and operations around the world in Leisure, Property principally in Tanzania, South Africa and Malta and a UK engineering business, said the sale was in relation to 16 Charles Street in Malta.
Bailey further added that the "Conditional Sale entered into a 'promise of Sale' agreement" under Maltese law with completion expected to take place in the first half of 2018.