bullish

Picton Property Income - Accretive industrial acquisition

1.1k Views01 Oct 2021 19:26
Issuer-paid
SUMMARY

Picton Property Income has acquired a multi-let industrial estate for £13.1m, increasing its strong weighting to this well-performing sector. Funded using its previously undrawn low-cost £50m revolving credit facility, the acquisition will be clearly accretive. The existing portfolio contains strong reversionary potential to drive income growth and Picton has continuing financial flexibility for further accretive acquisitions.

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