Regional REIT has completed its £32.7m sale of an industrial and office park in Basildon.
The sale price for Juniper Park was 3.9% above its June valuation.
Regional REIT bought the 277,760 sq ft business park for £20.1m in 2016.
Stephen Inglis, chief executive of Regional REIT’s asset manager, London & Scottish Property Investment Management, said: “The disposal delivered a significant uplift of 59.4% in value, the result of clearly improving the quality of the asset’s income streams leading to a substantial uplift in capital value.”
Gerald Eve advised Regional REIT on the sale.
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