Partner Article
Sheffield’s Pressure Technologies acquires £3.36 million property assets
Sheffield-based engineering firm Pressure Technologies plc has announced that it has completed the acquisition of the freehold land and buildings at Meadowhall Road, Sheffield for £3.36 million.
The company’s subsidiary, Chesterfield Special Cylinders has been operating on the site since July 2005 and Chesterfield Biogas is also based there.
The company has paid £3.36 million for the Property, inclusive of £160k stamp duty which is funded from the company’s exisiting debt facilities.
Alan Wilson, chairman of Pressure Technologies, commented: “We are delighted to have concluded the acquisition of the Property, which will result in cost savings as well as providing long-term operational certainty and flexibility for Chesterfield Special Cylinders and Chesterfield BioGas.”
This was posted in Bdaily's Members' News section by Clare Burnett .
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular Yorkshire & The Humber morning email for free.
Our Partners
Taking advantage of the opportunities ahead
Accountability isn’t the enemy of empathy
Act now to avoid a last-minute tax scramble
How inner-city living can transform a city by the sea
Artificial intelligence's value is the time it gives back
Why we must break the magnetic pull of London
AI scepticism is healthy - inaction isn't
What does NPPF mean for planning gain and pricing?
What new NPPF rules mean for landowners
The hidden cost squeezing Britain's economy
Teesside deserves more than cashback devolution
Construction must be built on commercial discipline