Investor offloads site at more than 50% premium to July 2023 book value
Ground Rents Income Fund has also struck a new funding deal
AIM-listed investor expects to seal deal in new year
Liabilities tumble from £15m to £400,0000
Company was waiting for one of two lenders to confirm terms of new facility
Decision by one of two lenders yet to be confirmed as talks continue
Hit to value of firm’s portfolio attributed to pandemic