StockMarketWire.com - Regional REIT said it had completed the sale of a development site in Leeds to Unite Students for a final sale price of £12.2m.

The figure represented an increase on the price of £10.5m indicated in an earlier announcement in November.

The site on Merrion Way was originally acquired by Regional REIT in 2016 as part of the Wing Portfolio, alongside the adjacent Arena Point office development. At that time the entire holding, including the office development, was valued at £10.5m.

Regional REIT has retained the 19 storey Arena Point office building, currently valued at £8.45m.


At 9:35am: [LON:RGL] Regional Reit Limited share price was +0.75p at 95.75p



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