Picton Fills Largest Void At Citylink

14 November 2014 PICTON PROPERTY INCOME LIMITED ("Picton" or the "Company") PICTON FILLS LARGEST VOID WITH 24,000 SQ FT LETTING AT CITYLINK, CROYDON Picton, the Property Investment Company,announces that it has let 24,000 sq ftof office space at Citylink in East Croydon, South London to educationprovider BPP. BPP will occupy the whole of the west side of the building on a ten year leaseat an annual rent of £0.52 million, which is in line with ERV. On completion ofthis letting, Citylink will be 90% occupied, leaving one small ground floorsuite of 4,845 sq ft available. The other major occupier is RBS. The newly refurbished Grade A office building is situated directly opposite EastCroydon station, which provides fast and frequent services into Central Londonand Gatwick Airport. This letting will fill the largest void in the Company's portfolio,improving overall occupancy to more than 95%, and follows a substantialrefurbishment of the building which completed at the end of last month. Michael Morris, Chief Executive of Picton commented: "This letting marks the completion of a significant asset managementinitiative for Picton, filling the portfolio's largest void. The success ofthe letting depended on us working closely with BPP in respect of theireducational user requirements and this transaction demonstrates our continuingability to meet occupier needs and in particular to deliver tailored, highquality office spacewithin a short timeframe." ENDS For further information: Tavistock CommunicationsJeremy Carey/James Verstringhe, 020 7920 3150, [email protected] Picton Capital LimitedMichael Morris, 020 7011 9980, [email protected] The Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedTrafalgar CourtLes BanquesSt Peter PortGuernseyGY1 3QLDavid Sauvarin, 01481 745001, [email protected] Note to Editors Picton Property Income Limited ('Picton') is an income focused, propertyinvestment company listed on the London Stock Exchange. Picton can invest bothdirectly and indirectly in commercial property across the United Kingdom. With Net Assets of £273.7 million at 30 September 2014 and approximately 850investors, the Company's objective is to provide shareholders with anattractive level of income, together with the potential for capital growth byinvesting in the principal commercial property sectors.

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