StockMarketWire.com - Regional REIT said it had exchanged contracts to purchase six regional assets from Kildare Partners for £35.2m in an off-market transaction.
The assets were expected to provide a net income of around £3.1m per annum, equating to a net initial yield of 8.4%, the company said.\
The portfolio consisted of five regional offices and one office and distribution property located in Telford, Rotherham, Macclesfield, Dundee, Chelmsford and Bedford.
At 2:49pm: [LON:RGL] Regional Reit Limited share price was -0.1p at 99.9p
Story provided by StockMarketWire.com
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