StockMarketWire.com - Regional REIT said it had completed the acquisition of six regional assets in the UK from Kildare Partners for £35.2m.
As previously indicated, the portfolio consisted of five regional offices and one office and distribution property in Telford, Rotherham, Macclesfield, Dundee, Chelmsford and Bedford.
The assets were expected to provide a total net income of around £3.1m per annum, equating to a net initial yield of 8.4%, the company said.
At 9:51am: [LON:RGL] Regional Reit Limited share price was -0.25p at 94.75p
Story provided by StockMarketWire.com
Shares Magazine

Shares is the leading weekly publication for retail investors. It is packed with investment ideas, news and educational material to help build and run portfolios and get more from your money.
Investor Events

Shares puts on free Investor Events throughout the year across the country. They provide an opportunity for investors to learn more about companies on the stock market and hear from a range of investment experts including fund managers and Shares journalists.