10th Dec 2025 11:31
Regional REIT Ltd - London-based real estate investment trust focused on commercial property outside the M25 motorway - completes the disposal of office building Oakland House for a total consideration of GBP13.0 million to Legacie Developments Ltd. The figure reflects a net initial yield of 5.1% and represents a 1% premium over the June 30 book value. Oakland House is a multi-let located in Manchester and is part occupied by Greater Manchester Police. It has a 35% vacancy, office space with 1.7 years to expiry, and generates annual rental income of GBP700,000, the company says. Read More
