Somerset Properties Limited agreed to acquire Somerset House from Circle Property Plc (AIM:CRC) for £15.2 million on November 23, 2022. Total rent passing of Somerset House is approximately £1.2 million per annum. The transaction is expected to close by the end of February 2023. Circle Property repaid the amount outstanding under its debt facility in full and is debt free. Joshua Cryer and Iain Daly of Radnor Capital Partners Limited and Katy Birkin and Mark Connelly of Cenkos Securities plc (AIM:CNKS) acted as the financial advisors to Circle Property Plc (AIM:CRC).

Somerset Properties Limited completed the acquisition of Somerset House from Circle Property Plc (AIM:CRC) on March 17, 2023.