8th Apr 2019 11:35
LONDON (Alliance News) - Circle Property PLC on Monday said it achieved 100% occupancy at Kents Hill Park in Milton Keynes, after leasing the remaining vacant space to Grand Union Housing Group Ltd.
The UK property investment, development and management firm, said Grand Union Housing will take the entire first floor of the 40,000 square feet building on a 10-year lease at a rent of GBP352,625 per year.
Under the terms of the lease, Grand Union Housing also will have 100 on-site parking spaces.
"This latest letting at Kents Hill further underlines our ability to create shareholder value by acquiring and asset managing well-located buildings through a range of repurposing, lease regearing and redevelopment initiatives," Chief Executive Officer John Arnold said.
Circle Property shares were untraded at 195.00 pence each.
Related Shares:
CRC.L