Regional Reit has long been one of our Income Portfolio’s most active holdings and last week it announced a further step in the evolution of its mix of assets.
While many property investment professionals and private investors have been moving away from office space and towards “industrial” properties such as warehouses in response to pandemic-induced changes in behaviour – working from home and online shopping – Regional has decided to do the opposite: it is in the process of selling its industrial assets and buying more offices, located outside London as its name suggests.
I can certainly see the merit, in view of covid, of holding property outside of London, but I'm still slightly puzzled by RGL's pre-occupation with offices, as opposed to warehouses (unless they have a fallback contingency plan of converting them into dormitory accommodation for migrants!
Whatever, I have warehouses covered by my holding of Warehouse REIT (WHR).
I'm not quite sure if SLI has a plan for what it's targeting, - as it's SP is languishing the most of the three..