Balanced Commercial Property Trust Ltd, formerly known as BMO Commercial Property Trust - Announces disposal of 17A Curzon Street, a c. 1000m2 multi-let office holding in London.
The company has exchanged an unconditional contract to sell the property at a 2.3% discount to its valuation as of March 31. The refurbishment strategy has set a record rental tone for the building and presented an opportunity to take advantage of the value created from the successful delivery.
The company has agreed seven office disposals since December, raising c. €151.5m in total sales proceeds.
"This latest disposal underlines not only the liquidity within the company's portfolio but our ability to deliver value-accretive asset management strategies through market cycles," said BCPT's fund manager Richard Kirby.
Image source - Pexels.
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