Picton Property Income (GB:PCTN) has released an update.
Picton Property Income Limited has announced successful lettings that exceed estimated rental values by 4%, boosting their portfolio occupancy to 93%, alongside strategic office repositioning for alternative use. Notably, the company has secured planning permission for residential units in London and is anticipating an overage payment from the conversion of a Cardiff office building to student accommodation, which is expected to exceed previous valuation by 20%. Picton, a diversified UK REIT, continues to outperform with a focus on income and capital growth, primarily in the industrial sector, and a commitment to net zero carbon by 2040.
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