Real estate - LSE - Mcap: £343m - Price: 63p - Flash
 

Picton Property Income (PCTN) 
 

Accretive portfolio repositioning
Picton Property Income has agreed the sale of Angel Gate, its second largest office asset, and largest portfolio void, with an agreed consideration above the Q323 valuation. The sale is part of its strategy to repurpose selective office assets and accretively recycle the capital. This sale supports NAV, and we expect a positive impact on earnings. Further repurposing asset management initiatives are being progressed.

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Analyst

Martyn King
Financials analyst
financials@edisongroup.com