StockMarketWire.com - Office investor Circle Property said it had successfully concluded a lease renegotiation with a major tenant at its biggest asset, Kents Hill Business Park in Milton Keynes.

The tenant had agreed to the removal of two break clauses at year 15 and 20 in its lease, which had 23 years remaining before expiry.

'By successfully renegotiating this lease we have significantly enhanced the certainty of long-term income, which is now RPI-linked and so creates an institutional quality asset,' chief executive John Arnold said.

'This is a major endorsement for the asset and further validates our active asset management approach.'


At 1:04pm: [LON:CRC] Circle Property Plc share price was 0p at 203p



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