Company also spends £50m on fresh acquisitions
Rental income more than doubles to £193m
CEO says “excellent disposals” reflect strategy of exiting assets incompatible with the REIT sector
Andrew Jones-led firm has completed more than 160 deals in past six months
Company also offloads HSBC-let office in Edinburgh
British Land head of real estate becomes chief investment officer at acquisitive rival
Firm sells £50m of non-core assets from LXi and CTPT and reinvests £70m in new buys
Sales include non-core assets taken on with recent acquisitions
Companies dropping out include wealth manager St James’s Place
EDITOR’S COMMENT If I didn’t really like Andrew Jones, I’d roll my eyes at every market update
Investor pushes on with non-core disposals after M&A activity
Non-core sales include former LXi REIT properties