Sparks commentary

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Sparks

Lords Group Trading (AIM: LORD) completes £7m sale and leaseback
Published by Andy Murphy

Lords has completed a sale and leaseback of its George Lines’ Heathrow branch for £7.1m under a 15-year lease agreement. £3.1m of the sale proceeds will be used to satisfy the original purchase terms of George Lines. The remaining £3.9m will be used to pay down debt and/or provide capital for future investment or acquisitions.