4th Feb 2019 11:44
LONDON (Alliance News) - Regional REIT Ltd on Monday said it acquired a property in Birmingham for GBP20 million.
The 119,687 square feet freehold property is in a highly commercial location in the centre of Birmingham, the company said.
The building comprises 12 retail units amounting and office accommodation. The main office tenant is Her Majesty's Revenue and Customs occupying 49% of the property. The building is 99% occupied with a net income of GBP1.69 million.
Regional REIT shares were trading down 0.4% at 101.00 pence each.
Related Shares:
Regional Reit