Regional REIT has reported a 1.8% portfolio valuation rise to £501.3m over the first half of the year.
This represents a 1.8% increase on a like-for-like basis, from the 31 December 2015 value of £403.7m, and a 7.7% increase on the 30 June 2015 valuation.
During the first half of 2016, the group completed property acquisitions totalling £131.1m and disposals of £41.2m.
The group’s UK property portfolio is focused on offices and light industrial sites in the regions outside of the M25 motorway.
Stephen Inglis, group property director and chief investment officer of London & Scottish Investments, the asset manager, said the group remained positive about the business outlook for the remainder of 2016.
He said the supply of new property in the regions remains limited while a “broad spread of occupier demand continues despite the result of the recent EU referendum”.
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