Picton Property Income Limited acquired 109-117 High Street, Cheltenham from Addington Capital for £5.3 million.

Picton Property Income Limited (LSE:PCTN) acquired 109-117 High Street, Cheltenham from Addington Capital for £5.3 million on August 31, 2022. The Company has funded the acquisition through the use of its revolving credit facilities. The current annual rental income is £0.4 million.

Picton Property Income Limited (LSE:PCTN) completed the acquisition of 109-117 High Street, Cheltenham from Addington Capital on August 31, 2022. KLM advised the vendors on the deal.