StockMarketWire.com - Regional REIT said it had completed the sale of multi-let industrial estate in Glasgow for £26.4m.
The sale price for Wardpark, Cumbernauld was 21.1% above the December 2017 year end valuation, the company said.
'We are pleased to conclude the sale of Wardpark, which reflects our opportunistic approach to recycling capital and supports our strategy of downselling assets in Scotland to allow the REIT to target acquisitions in England,' chief executive Stephen Inglis said.
'It's another example of our track record of increasing asset value through active asset-management.'
At 8:20am: [LON:RGL] Regional Reit Limited share price was +0.45p at 95.45p
Story provided by StockMarketWire.com
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