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UK Commercial Property REIT Sells Eldon House in London for GBP 40m
Monday 29 June 2020

UK Commercial Property REIT Ltd. (UKCM) has completed the sale of Eldon House, its last remaining office asset in the city of London, for GBP 40m (USD 49m), following exchange of contracts in early May, the company said.

UKCM acquired the property in 2015 for GBP 27.8m (USD 34.07) and recently completed its asset management plan, achieving full occupancy and capturing rental reversionary potential following a refurbishment of the building's public spaces.

UK Commercial Property REIT which is managed and advised by Aberdeen Standard Investments and owns a diversified portfolio of high quality income-producing UK commercial property.

The company is managed and advised by Standard Life Investments (Corporate Funds) Ltd. (the company's appointed AIFM).

Will Fulton, a qualified Chartered Surveyor with 30 years of experience in the industry, has been Lead Manager since April 2015. Investors should refer to the Key Information Document prior to making an investment decision.
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Date Published: 29/06/2020

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