Picton Property Income (GB:PCTN) has released an update.
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Picton Property Income Limited has announced the successful sale of a Cardiff office building slated for transformation into a 706-bed student accommodation. The sale, linked to the number of beds permitted, is expected to complete by year-end, promising to be accretive to Picton’s June 2024 NAV. The company, known for its diversified UK commercial property portfolio, emphasizes sustainable practices aiming for net zero carbon by 2040.
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