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Estates & General Rebalances Portfolio

LONDON-Estates & General has continued the process of upgrading its property portfolio with the sale of seven properties worth Pounds 26 million ($38 million).

By Graham Parker | Updated on April 24, 2002

LONDON-Estates & General has sold a portfolio of seven properties, raising £26.025 million ($38 million). The deal follows E&G’s purchase of a £65 million ($94 million) portfolio of high quality office properties from Equitable Life in February 2002.

The mixed-use portfolio of seven properties produces a total of £2.13 million ($3 million) per annum. The portfolio comprised office buildings in Gerrards Cross, Buckinghamshire and New Barnet, north London; two industrial units in Peterborough; a retail scheme in Skipton, north Yorkshire; a retail warehouse unit in Bootle, Liverpool and a mixed use property in Gerrards Cross.

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