Property firm acquires £31.4m regional portfolio
Regional REIT, the UK regional office and industrial property focused real estate investment trust, today announces it has exchanged and completed on contracts to purchase eight assets for a consideration of £31.4m
The portfolio consists of eight offices located in Hull, High Wycombe, Stockton-on-Tees, Ipswich, Clevedon, Wakefield, Deeside and Lincoln.
They total around 275,000 sq ft, let to 24 tenants.
The assets are expected to provide a net income of approximately £2.81m per annum, which equates to a net initial yield of... 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...