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LONDON-Brixton has continued its disposal programme with the £17.65 million ($22.2 million) sale of Kingswey Business Park in Woking to Pearl Assurance.

The park comprises 13,939 sq m of industrial and warehousing space in 11 units and was developed by Brixton in two phases. The sale reflects a net initial yield of 7.35%.

Brixton said the disposal was in line with its “stated policy of selling non-core assets and recycling capital from some of its smaller completed developments.”

Holley Blake acted for Brixton and CB Hillier Parker advised Pearl Assurance.

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