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Birmingham Post
Birmingham Post
Business
Andrew Arthur

Office firm rebounds to profit following multi-million pound deals

Office investment firm Circle Property has reported a rebound to profit after completing a series of multi-million pound sales of its regional workspace assets.

The Aim-listed company said it made “good progress” with a disposal strategy during its last financial year, ending March 31, 2022, selling four properties for a total of £62m.

These transactions included deals for major office developments in Bristol, including a £20m deal for One Castle Park in the city centre and the sale of a unit - number 135 - at the out-of-town Aztec West business park in Almondsbury for £3.96m.

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