Picton has completed the sale of its second largest office asset at Angel Gate, EC1, to QSquare.
The deal for the property, which changed hands for £29.6m, represents a 5% premium to December 2023 independent valuation.
Picton previously said that a share of the proceeds would be used to fully repay the £16.4m outstanding balance on the company’s revolving credit facility, with the remainder available for appropriate future investment opportunities.
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Including:
Portfolio consists of 14 urban logistics and light industrial assets in the capital
Plot B will bring forward 742 student rooms and 75 affordable homes
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