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UKCPT acquires Sheffield office for £20m

15 June 2017 07:18

UK Commercial Property Trust Ltd has acquired a single let, Grade A office building in Sheffield, from Ediston Property Investment Company for £20.17m, reflecting a net initial yield of 5%.

The asset was let to Capita Business Services Ltd, which was part of Capita Plc, on a lease with annual indexed linked rent increases and 22 years to expiry. Delivering a current rent of £1,076,715 per annum, the transaction further increases UKCPT's exposure to long term, secure and growing income streams.

Story provided by StockMarketWire.com

Related Company: UKCM

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