StockMarketWire.com - Office and industrial property investor Regional REIT said it had exchanged contracts to sell The Point Trade & Retail Park at Hamilton Hill, Glasgow for £14.1m.

The sale price reflected a net initial yield of 6.6%, the company said.

The 158,546 square foot property was acquired in 2013 and comprised 11 individual units, let on 10 separate leases.

A series of renovations resulted in increased rental income, which now totaled £995,315 per annum.

The sale price represented an uplift of 5.6% against the 31 December valuation.





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