In a stock exchange filing today (20 March), API said contracts have been exchanged for the sale of 15 Basinghall Street in London, which is expected to be completed on 22 March.
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The trust sold the office building for £9.8m, a net initial yield of 8.2% but a 7.1% discount to the September 2023 valuation.
Additionally, the sale of industrial estate Opus 9, Warrington completed at the price of £6.7m, a net initial yield of 5.9% and a 5.5% premium to the September 2023 valuation.
Mark Blyth, deputy fund mana…
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