UK - Ashtenne Holdings is to sell off £132.7m of property to the Ashtenne Industrial fund.
Ashtenne has a 13% interest in the fund and is its asset manager. The portfolio comprises 82 industrial and office properties which bring in £10.3m in rent each year.
The company said it was selling the properties because the current strength of the secondary industrial investment market presented a good opportunity to realise “substantial” gains for shareholders.
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