Picton Property Income Limited Asset Disposal
17 Avril 2024 - 8:00AM
RNS Regulatory News
RNS Number : 8709K
Picton Property Income Limited
17 April 2024
17 April
2024
PICTON PROPERTY INCOME
LIMITED
('Picton' or the
'Company')
LEI:
213800RYE59K9CKR4497
Asset Disposal -
Completion
Further to the announcement dated 2
April 2024, Picton confirms completion of the disposal of its
second largest office asset at Angel Gate, London EC1. The
consideration of £29.6 million represents a 5% premium to the 31
December 2023 independent valuation.
A proportion of the proceeds will now
be used to fully repay the £16.4 million outstanding balance on the
Company's revolving credit facility, with
the remainder available for appropriate future investment
opportunities.
For further
information:
Picton
Michael Morris, Chief
Executive
020 7011 9980,
michael.morris@picton.co.uk
Tavistock
James Verstringhe
020 7920 3150,
james.verstringhe@tavistock.co.uk
About Picton
Picton, established in 2005, is a UK
REIT. It owns and actively manages a £745 million diversified UK
commercial property portfolio, invested across 49 assets and with
around 400 occupiers (as of 31 December 2023).
Through an occupier focused,
opportunity led approach to asset management, Picton aims to be one
of the consistently best performing diversified UK focused property
companies listed on the main market of the London Stock
Exchange.
For more information please
visit: www.picton.co.uk
ENDS
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DISFLFIDSEIRLIS
Picton Property Income Ld (LSE:PCTN)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024
Picton Property Income Ld (LSE:PCTN)
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De Mai 2023 à Mai 2024