February 7, 2025
Picton sells west London’s Charlotte Terrace to Bentry Capital
Picton has sold Charlotte Terrace, an office and retail building in west London with potential for change of use, to Bentry Capital for £13.08m.
Picton has completed the sale of its second largest office asset at Angel Gate, EC1, to QSquare.
The deal for the property, which changed hands for £29.6m, represents a 5% premium to December 2023 independent valuation.
Picton previously said that a share of the proceeds would be used to fully repay the £16.4m outstanding balance on the company’s revolving credit facility, with the remainder available for appropriate future investment opportunities.
Picton has sold Charlotte Terrace, an office and retail building in west London with potential for change of use, to Bentry Capital for £13.08m.
Picton has completed the sale of its second largest office asset at Angel Gate, EC1, to QSquare.
Neglected for many years, a 60-acre chunk of the city is embarking on a new era led by local business owners and stakeholders determined to see the area thrive.
