(Alliance News) - UK Commercial Property REIT Ltd said Thursday it has sold its last office asset in London, Eldon House, for GBP40 million, following the exchange of contracts in early May.
The FTSE 250 real estate investment trust first acquired the asset in 2015 for GBP27.8 million.
"Eldon House has been a highly successful investment on behalf of our shareholders and, having completed our asset management plan, we feel now is the right time for us to part company with it. As a result, we no longer have any exposure to the City of London market," said Will Fulton, lead manager of UK Commercial Aberdeen Standard Investments.
Shares in UK Commercial Property were down 0.3% at 65.20 pence on Thursday in London.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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UK Commercial Property Trust (UKCM)