Property Disposal Update
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Aukett Swanke (AIM: AUK), the Architecture and Smart Buildings Group, is pleased to provide the following update.
On 24 June 2024, the Group announced that its subsidiary Torpedo Factory Group Limited ("TFG") had exchanged contracts, conditional upon a satisfactory valuation, for the sale of The Old Torpedo Factory in west London at a price of £2.5 million plus VAT. That valuation has now been received and accordingly the parties have agreed that exchange is now unconditional. TFG's lawyers hold a £250,000 deposit on behalf of the buyer pending completion, which is due to occur in September 2024. Further updates will be provided as appropriate.
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