Standard Life Investments Property Income Trust has completed the sale of the Quadrangle in Cheltenham, Gloucestershire, for £11.075m.
The 1970s office block extends to approximately 58,900 sq ft and was acquired in December 2015 as part of the Pearl Portfolio for £10.05m.
The property is let to RBS on a lease which expires in June 2018.
The sale proceeds are being used to reduce borrowings under a revolving credit facility.
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