StockMarketWire.com - Regional REIT said it had completed the sale of an office property in Chestnt, UK for £17.3m, reflecting a a net initial yield of 5.8%.

The Turnford Place property on Great Cambridge Road was a modern office block originally acquired by Regional REIT on 27 December.

At that time, the office development was valued at £14.3m.

The sale price marked an uplift of 20.6% against the 31 December valuation, Regional REIT said.


At 9:52am: [LON:RGL] Regional Reit Limited share price was -0.05p at 95.65p



Story provided by StockMarketWire.com