City Point sold for £26m
City Point in Leeds has been sold for £26m, two years after its owners RDI bought the 61,379 sq ft office for £21m.
RDI, the FTSE-250 income focused UK-REIT, this morning announced that it had exchanged contracts for the disposal of the office. It was originally acquired as part of the Company's AUK Portfolio acquisition in March 2016 for an acquisition price of £21.6m with over 17% vacancy.
In January 2017, RDI let 11,000 sq ft to Blacks Solicitors LLP, bringing the asset to f... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
