Goldmoney sells U.K. property for 37.9M pounds sterling

Executive Summary

• Goldmoney Inc.’s wholly‑owned subsidiary, Goldmoney Properties Ltd., sold the St. James Place (SJP) real estate property for gross proceeds of £37.9 million ($70.1 million).
• Net proceeds will be allocated to capital expenditures for redeveloping existing properties, reduction of outstanding debt, and acquisition of additional strategic property assets.

Key Details

• Seller: Goldmoney Properties Ltd., a wholly‑owned subsidiary of Goldmoney Inc. (U.K.).
• Buyer: Institutional investor based in the United States (unnamed).
• Asset Sold: St. James Place real estate property (the “SJP property”).
• Gross Sale Proceeds: £37.9 million (approximately $70.1 million).
• Use of Net Proceeds:
• Finance capital expenditures related to redevelopment of properties in Goldmoney’s existing portfolio.
• Reduce outstanding indebtedness.
• Support acquisition of additional strategic property assets aligned with the company’s investment strategy.

Notable Quotes

(No direct quotes were provided in the release.)