Circle Property has sold around 60% of its portfolio as its divestment programme continues.
Chief executive John Arnold said: “The more challenging macroeconomic backdrop impacted the broader property investment market after the period. This has meant our rate of sales has slowed in recent months from the expedited rate achieved earlier in the year and pricing has also been softer. Nevertheless, we are still able to divest assets successfully and remain steadfast in generating the best value possible for shareholders.”
Circle first announced the sell off in February. It now has a rump of just £20m of investment properties left to sell.
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