RDI REIT has completed a £26m forward funding agreement for two sheds, as well as completing the disposal of the Lochside office in Edinburgh, as it continues to recycle capital out of mature assets and into new growth opportunities.
The income focused UK REIT has acquired approximately 13.5 acres of land at the Link 9 industrial and distribution development in Bicester as part of the deal with Albion Land to acquire two high quality distribution units of 120,000 sqft and 168,000 sqft respectively.
It sold a 60,177 sq ft Lochside Edinburgh office for £13.1m representing a 13.7% premium to the last reported market value.
