A&P Birkenhead Land Deal
Ship repairers A&P Birkenhead and Reddington Finance Ltd have reached an agreement for the sale and leaseback of some of A&Ps land at Birkenhead. A&P Birkenhead retains ownership of the drydocks but some surplus land will be sold to the property developers. A&P believes the arrangement will enable it to better focus on its ship repair business despite difficult trading prospects.
The 73m long and 27.2m wide ship, costing a reported ¢90m, was reportedly first due for delivery in April, then in September.
MJ Information No: 20024
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