Picton has exchanged contracts to sell a central London office asset to an overseas investor for £27.8m.
Boundary House, Jewry Street, EC3, is located in the eastern part of the city and consists of a 45,000 sq ft multi-let office building, constructed in the mid-1950s.
On exchange, Picton was paid £2.8m and completion of the disposal will occur on 30 August 2016.
Michael Morris, chief executive of Picton Capital, said: “This transaction will reduce our overall gearing, our exposure to the central London office market and crystallises the value we have created since purchase.”
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