StockMarketWire.com - Regional REIT, the UK regional office and industrial property focused REIT, has exchanged on 16 new leases, totalling 46,171 sq ft, since the start of the year.

When fully occupied, these will provide approximately £0.6m pa of rental income.

Over the period 38 leases came up for renewal, totalling 156,309 sq ft.

Occupancy (by value) increased to 85.7%, versus 85% at 31 December 2017.

Stephen Inglis, chief executive officer of London & Scottish Investments Limited, the asset manager, said: "The group has maintained a good pace of lettings in the first quarter of 2018, coupled with steady interest in both its office and industrial sites. This, together with our granular approach to asset management, further enforces our confidence in our ability to grow income and increase occupancy."

Management expects trading to be in-line with its expectations for 2018.


At 9:33am: [LON:RGL] Regional Reit Limited share price was -0.45p at 99.95p



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