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Picton Property Income to sell central London office

12 July 2016 07:26

Picton Property Income has exchanged contracts to sell a central London office asset to an overseas investor for £27.8m.

Boundary House, Jewry Street, EC3, is located in the eastern part of the City and comprises a 45,000 sq ft multi-let office building, constructed in the mid 1950s.

On exchange Picton was paid £2.8m and completion of the disposal will occur on 30 August 2016. Picton will benefit from the rental income until the completion date.

In addition, Picton will issue an announcement of its June Net Asset Value on 20 July 2016.

Story provided by StockMarketWire.com

Related Company: PCTN

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