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Schroder sells High Street Bromley unit

Thu 30 August 2012, 4:33 pm

Schroder Real Estate Investment Trust Limited has completed contracts to sell 100 High Street Bromley for £2.57 million.

The disposal follows completion of a 10-year letting to Office Holdings Ltd, Property Magazine International said.

Schroder's Nick Montgomery said the disposal crystalised a valuation increase but was in line with the company’s strategy of selling lower yielding assets to strengthen its balance sheet.

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