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Property sale raises ports cash for P'O.
(From Lloyds List)
THE P'O quest to recycle capital into its high growth ports business continues with the British group raising more than GBP50m ($94.3m) through a property sale, writes Tony Gray.
Subsidiary Boston Wharf has sold the remainder of its property portfolio in Boston for GBP53m to an affiliate of Archon Group, an international commercial real estate investment management and mortgage loan company.
P'O, which has now sold all ...
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