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LONDON-Industrial property specialist Ashtenne Holdings has sold the Sittingbourne ResearchCentre, in Sittingbourne, Kent to clients of La Salle Investment Management for £19.75 million ($30 million). The property produces a net rental income of £1.8 million ($2.8 million) per annum.

Sittingbourne Research Centre has around 75 buildings on a 116-acre site catering for warehouse/light industrial, office, laboratory and horticulturaluses and includes land for further development.

Ashtenne acquired the property for £11.3 million ($17.6 million)in May 2001 when the annual rentalincome was about £1 million ($1.5 million) and since then a number ofthe buildings have been redeveloped.

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