11th Oct 2023 14:25
Picton Property Income Ltd - UK commercial property-focused real estate investment trust - Reports net asset value and income accretive activity across all sectors. Activity includes securing a new ten-year lease on both of an existing occupier's units at River Way Industrial Estate, Harlow, for GBP700,000 per year. Picton also exchanged unconditional contracts on a 15-year lease renewal at another River Way unit for GBP600,000 per year. Has assigned lease of its retail unit in Covent Garden to a UK-based global cosmetics business "with no loss of income." Picton also has exchanged contracts to sell a partially vacant office building in Cardiff to a student accommodation developer; it says the transaction is NAV accretive regardless of exact planning permissions. Read More
