20th Dec 2023 14:25
abrdn Property Income Trust Ltd - investor in UK commercial properties in the industrial, office, retail and other sectors - Completes sale of a two-unit industrial asset in Livingston, Scotland for GBP6.3 million, reflecting a 6.37% net initial yield. abrdn Property acquired the Cullen Square asset in 2014 and says it has contributed a 13.1% annualised return over the hold period. Company will use disposal proceeds to reduce its revolving credit facility.
Current stock price: 51.89 pence, up 2.8% in London on Wednesday afternoon
12-month change: down 7.3%
By Emma Curzon, Alliance News reporter
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