Trident Estates plc - Promise of Sale Agreement for Trident House

On 27 October 2025, Trident Estates plc announced that it entered into a promise of sale agreement with BBT plc and OS Developments Limited to sell Trident House and its surrounding land comprising a total area of 13,593 sqm for a consideration of €29.25 million.

An amount of €4 million of the consideration was paid on account on the execution of the promise of sale agreement. An additional €1 million will be paid on account by 31 March 2026, while the balance of €24.25 million is payable in full and final settlement on the final deed of sale.

The promise of sale agreement shall remain valid until 30 May 2028, with the purchaser having the option to demand the final deed of sale earlier.

Trident Estates explained that the property is currently occupied by a tenant subject to a lease agreement expiring in 2026 with a net rental income attributable to the property of €0.34 million.

Trident House was valued at just over €11 million until January 2022, when it was subsequently revalued to €18 million in January 2023 and further increased to €20 million in January 2025. Accordingly, the consideration for the sale represents a €9.25 million (or €0.22 per share) premium over its latest book value.