StockMarketWire.com - Circle Property said it had acquired Concorde Park in Maidenhead for £14.6m.

The 71,500 sq ft park was currently 36.6% let to three tenants producing a combined rental income of £627,372 per annum.

The acquisition price represents a net initial yield of 4.03% with a potential reversionary yield of 9.8% once fully let, the company said.

The acquisition, set to benefit from Crossrail, was primarily funded by a £12.791m drawdown from the company's recently agreed £100m bank facility with RBS and HSBC.




At 8:54am: [LON:CRC] Circle Property Plc share price was +1p at 190p



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