BMO Commercial Property Trust Limited (GB:BCPT) has released an update.
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Balanced Commercial Property Trust Limited (BCPT) has successfully sold its multi-let office building at 17A Curzon Street, London, which has led to a reduction of their portfolio’s office sector exposure to 16%. The sale price was a marginal 2.3% below the March 2024 valuation, contributing to a larger strategy that has seen BCPT contract on seven office disposals since December 2023, amassing around £120 million in cash. Fund Manager Richard Kirby highlights this move as a testament to the company’s effective asset management, enhancing the portfolio’s position to deliver shareholder value.
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