3rd Jul 2015 14:29
LONDON (Alliance News) - F&C Commercial Property Trust Ltd Friday said it has completed the sale of 124-125 Princes Street in Edinburgh for GBP18.1 million.
The FTSE 250-listed commercial property investment trust said the seven-storey building, which comprises a retail unit and office accommodation, was recently refurbished and has realised "substantial capital growth" for the company following the disposal.
The property was valued at GBP15.1 million at the end of 2014, the company said.
F&C said it that the property being fully let provided an opportune time to sell, and that it will redeploy the capital into new asset management opportunities within the portfolio.
Shares in F&C were trading up 0.2% at 142.20 pence Friday afternoon.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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