Gross rent roll hits £60.2m per annum, up 1.3%
Deals include DG International taking a 30,100 sq ft industrial unit at Jupiter Park in Basildon.
Portfolio comprises four multi-let offices in Redhill, Harefield, Bristol and High Wycombe
Assets expected to deliver income of £2.4m per annum
Regional REIT has raised £62.5m as part of a capital raising, surpassing a £50m target set in June. New shares were issued at 106.5p each. Stephen Inglis, chief executive of…
New 10-year facility has been agreed with Santander
The REIT has reported profits more than doubling to £67.4m for the year ended 31 December 2018
Regional REIT’s cost of borrowing will be 3.8% with an unexpired debt term of 6.5 years.
Its latest trading update reports gross assets of £723.2m, with a contracted rent roll of £59.4m pa.
Regional REIT has cut its exposure to the industrial sector with an active six months of disposals, during which the firm took advantage of what it called “premium” prices for…
Regional REIT has sold Turnford Place in Cheshunt, north London, for £17.3m at a net initial yield of 5.8%.
Regional REIT returned 13.2% to shareholders in 2016 as its portfolio grew by 24% to £502.4m in the first full-year results since its IPO one year ago