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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Picton Property Income Ld | LSE:PCTN | London | Ordinary Share | GB00B0LCW208 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.20 | 0.29% | 68.40 | 68.00 | 68.20 | 69.00 | 68.00 | 68.60 | 387,843 | 16:35:28 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Investment Trust | 51.82M | -89.53M | -0.1642 | -4.16 | 372.39M |
TIDMPCTN 10 January 2017 PICTON PROPERTY INCOME LIMITED ("Picton", the "Company" or the "Group") PICTON SECURES FIRST NEW OCCUPIER AT 50 FARRINGDON ROAD, LONDON, EC1 Picton (LSE:PCTN), the property investment company, announces that it has secured its first new occupier at 50 Farringdon Road in Clerkenwell, EC1. It has let 7,800 sq ft of office space to the leading multidisciplinary engineering contractor Volker Wessels. They will occupy the larger wing of the first floor on a ten year lease, subject to break, at an annual rent of GBP0.42 million, in line with ERV. The second floor and one small suite on the first floor remain available to let and there is good interest. The property is situated a short walk from Farringdon station and with Crossrail due to open in 2019, the connectivity of this location will further improve. Picton has implemented a strategy to meet occupational demand by subdividing the space whilst retaining the previous high quality fit out, saving significant capital expenditure. On a pro rata basis the new rent is over 60% higher than the previous rent. Michael Morris, Chief Executive of Picton Capital Limited, commented: "This letting confirms our strategy to provide a 'plug and play' solution is attractive to occupiers. It is also encouraging that we have good interest in the remaining space." ENDS For further information: Tavistock Jeremy Carey/James Verstringhe, 020 7920 3150, jverstringhe@tavistock.co.uk Picton Capital Limited Michael Morris, 020 7011 9980, michael.morris@picton.co.uk Note to Editors Picton is an income focused property investment company listed on the London Stock Exchange. Picton can invest both directly and indirectly in commercial property across the United Kingdom. With Net Assets of GBP423.9 million at 30 September 2016, the Company´s objective is to provide shareholders with an attractive level of income, together with the potential for capital growth by investing in the principal commercial property sectors. www.picton.co.uk END
(END) Dow Jones Newswires
January 11, 2017 05:21 ET (10:21 GMT)
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