StockMarketWire.com - Industrial property investor Regional REIT said it had sold two buildings in Coventry for £6.3m.
The sale of buildings two and three at the Oaks, Westwood Business Park, reflected a net initial yield of 6.5% and 8.6% above the latest valuation.
The around 40k square foot office property was acquired in May 2015 for £3.2m.
Sale proceeds would used to invest in a new opportunity, of which the company said it was seeing many.
At 1:54pm: [LON:RGL] Regional Reit Limited share price was +0.25p at 82.25p
Story provided by StockMarketWire.com
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