Regional REIT Limited acquires a precious office asset

  • Dec 31, 2019 GMT
  • Team Kalkine
  Regional REIT Limited (LON: RGL) has informed about an attractive office acquisition.
  • The company has acquired a precious office asset in one of Scotland's premier business parks.
  • The acquisition is for a total consideration of £10.3 million.
  • The asset comprises of 43,676 sq. ft. spread over 3 floors and is presently fully let to John Menzies plc with contracted rent of £880,000 per annum.
  • On 31st December 2019, at the time of writing, GMT 08:02 AM, RGL shares were trading at GBX 114.80, up by 1.40 points or 1.24% against the previous day closing price.

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