Surplus Property Update
Robinson plc has announced the completion of the sale of its Hipper House surplus property for £760,000, with net proceeds of £730,000 designated to reduce bank debt. The property generated £25,224 in rental income during 2025 and had a book value of £316,519 as of December 31, 2025. This divestment aligns with the company's ongoing strategy to realize value from surplus properties and strengthen its packaging business.
Select text to share a quote on X · sign in to keep highlights & notes in your RBN notes
In line with our Surplus Property Update on 7 August 2025 and most recently described on 23 December 2025, the Company is pleased to announce the completion of the sale of the Hipper House surplus property. Exchange of contracts and completion took place simultaneously on 1 May 2026. The consideration due on completion is £760,000 and the Company has committed to pay future costs of up to £30,000. The net proceeds of £730,000 will be used to reduce current bank debt. The property attracted rental income of £25,224 during 2025 and the book value was £316,519 at 31 December 2025.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.