abrdn Property Income Trust Limited - Trio of Office Lettings
May 24 2023 - 2:00AM
PR Newswire (US)
abrdn Property Income Trust Limited
(an
authorised closed-ended investment company incorporated in Guernsey
with registration number 41352)
LEI
Number: 549300HHFBWZRKC7RW84
(The
"Company")
24 MAY
2023
TRIO
OF OFFICE LETTINGS
abrdn
Property Income Trust (API) has completed a trio of lettings within
its office portfolio, securing £321,200 p.a. in
rent.
A lease to
The Birmingham Chamber of Commerce
and Industry and an agreement for lease to FCN Group Ltd have
completed at 54 Hagley Road in Birmingham, whilst a letting to OneStream
Software Ltd has completed at 15 Basinghall Street in London.
Mark Blyth, Deputy Fund Manager of API commented: "The
lettings at 54 Hagley Road follow the 21,500 sq.ft deal we
exchanged in April, and account for a further 8,200 sq.ft of space
and secured £178,386 p.a. in rent.
These
recent lettings show significant progress with our business plan at
the property, with the building now over 90%
let.
The
letting at 15 Basinghall Street in London was for the 2,892 sq.ft
2nd
floor, and
now means the building is fully-let following a successful
refurbishment and letting campaign.
The recent
activity has been despite a challenging letting environment and is
testament to the quality of the space API has to
offer.
It also
points to the positive work API's asset management team have
undertaken ensuring that our buildings meet current tenant
expectations.
In
addition to other contracted lettings, the overall fund occupancy
rate will exceed 95%, demonstrating strong letting
momentum."
All
Enquiries:
Jason Baggaley - Real Estate Fund Manager, abrdn
Tel:
07801039463 or
jason.baggaley@abrdn.com
Mark Blyth - Real Estate Deputy Fund Manager,
abrdn
Tel:
07703695490 or
mark.blyth@abrdn.com
END
Copyright y 24 PR Newswire
Abrdn Property Income (LSE:API)
Historical Stock Chart
From Jun 2024 to Jul 2024
Abrdn Property Income (LSE:API)
Historical Stock Chart
From Jul 2023 to Jul 2024