Regional REIT pays down borrowing early

Regional REIT has repaid £33.4m of debt ahead of schedule, cutting its borrowings to £319.9m. In a stock market update, the company said the repayment is £7.1m above the £26.3m earmarked from its July equity capital raise. The additional repayment has been sourced from the company’s property disposal programme. Stephen Inglis, head of asset manager ESR Europe LSPIM, said: “The company continues to focus upon the asset disposal programme, leverage reduction and driving shareholder value by undertaking accretive capital expenditure to provide vibrant spaces for our current and potential tenants.”