Picton Property Income has announced that it has exchanged contracts to Boundary House, Jewry Street, London EC3, for £27.8m. Boundary House is located in the eastern part of the City and comprises a 45,000 square foot multi-let office building, constructed in the mid 1950’s.The purchaser is an overseas investor and Picton received £2.8m on exchange. The company says that completion will occur on 30 August 2016 and that it will benefit from the rental income until the completion date. The company says that the transaction will reduce its overall gearing and exposure to the central London office market.
Picton Property Income sells Boundary House, Jewry Street, London for £27.8m : PCTN