UKCM completes £30 million sale of Motor Park in Portsmouth
LONDON: UK Commercial Property REIT Limited (UKCM) has sold Motor Park in Portsmouth, a multi-use asset predominantly comprising of seven car showrooms, to Glasgow City Council for £29.8 million. The sale price represents a 3% discount to the December 2019 valuation and provides UKCM with additional capital to invest in markets with strong underlying fundamentals,…