London, UK, 9 September 2024

Edison issues report on Picton Property Income (PCTN)

Edison issues report on Picton Property Income (LSE: PCTN)

Picton Property Income’s previously agreed sale of a vacated office building in Cardiff, to a purpose-built student accommodation developer, has taken a further step forward. A resolution to grant planning permission has been secured, paving the way for sale completion before the end of the year. The scale of the planned development indicates a sale price at the top end of the agreed range, with a positive impact on NAV and earnings.

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