Lismore and Acre Capital appointed to find new owner for the listed building
UKCM sells 67,000 sq ft office building in Bristol
Birch Sussex has taken the last 47,000 sq ft at £14.50 per sq ft
UKCM has owned the property since 2009 and completed a refurbishment in 2019
A rise of 0.9% may be slim, but it beats MSCI’s average drop of -1.2%
Latest results show REIT’s NAV has fallen nearly 22% to just over £1bn
Leases signed for 116,200 sq ft at Hertfordshire’s Ventura Park
Added development costs could tip LTV over the REIT’s 25% target
Total valuation has fallen by 7.1% from £1.71bn to £1.58bn
NAV per share was around 112p at the end of June, but now stands at just 55.9p
This latest buy takes the REIT’s 2021 spending to £233m
The REIT has boosted NAV returns to 6% from -5.1% in H1 2020