Home / Knowledge / News / Textiles / Victoria signs sale & leaseback deal with Monopro
Victoria signs sale & leaseback deal with Monopro
21
Mar '14
Victoria PLC, the manufacturer and distributor of floorcoverings, announces that it has entered into a sale and leaseback agreement with Monopro Limited in respect of its manufacturing facility at Worcester Road, Kidderminster for £5.8 million cash.  
 
The lease is for a 20 year term at an initial rent of £495,000 per annum and subject to annual RPI uplifts between 0 per cent. and 4 per cent..
 
The current net book value of the property is approximately £4.9 million resulting in a profit on sale (after associated costs) of approximately £0.7 million. Proceeds will be used to strengthen the Company's balance sheet.
 

Victoria PLC


Interviews View All

Spokesperson, Hugo Boss

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Yash Maniyar, Rekha Maniyar

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Karin Ekberg, Leadership & Sustainability

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Mirella Sardini,

Mirella Sardini

A leading manufacturer of automated machinery and equipment for the...

Karan Behal,

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Harsh Shah,

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search