StockMarketWire.com - Regional REIT said it had completed on contracts to purchase eight office assets in the UK for a total of £31.4m.

The portfolio consisted of offices located in Hull, High Wycombe, Stockton-on-Tees, Ipswich, Clevedon, Wakefield, Deeside and Lincoln.

They comprised a total of around 275,000 square feet, let to 24 tenants.

The assets were expected to provide a net income of approximately £2.81m per annum, equating to a net initial yield of 8.66%.





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