Property investor Regional Real Estate Investment Trust exchanged contracts on a portfolio of new assets on Friday.
Regional spent a total of £31.4m to acquire the 275,000 square foot of office space in Hull, High Wycombe, Stockton-on-Tees, Ipswich, Clevedon, Wakefield, Deeside and Lincoln.
The London-listed investment trust told shareholders the assets would provide a net income of approximately £2.81m per year, which equates to a net initial yield of 8.66%.
https://uk.webfg.com/news/small-caps-ne ... 46138.html
and same topic:
http://europe-re.com/regional-reit-acqu ... -12m/65544
and an older purchase (April this year):
Regional REIT completes £4.9m Portsmouth buy
By James Wallace - Tuesday, April 10, 2018 14:26
Regional REIT has acquired an office building at Port Solent, Portsmouth from Northwood Investors in a £4.9m deal.
http://www.costar.co.uk/en/assets/news/ ... mouth-buy/