19th Jun 2019 14:55
(Alliance News) - Regional REIT Ltd said Wednesday it has now fully let four vacant units and has secured an uplift in the rent on its occupied assets.
The UK office and industrial property asset investor has let four previously vacant units, representing GBP102,276 in headline rent.
The company also noted it has secured a 12% rental uplift from its existing occupied assets, representing new headline rent of GBP443,379.
"We are delighted to once again report continuing strong operational progress within our diversified portfolio of high-quality office and industrial regional property assets. The rental uplift achieved for previously occupied assets demonstrates not only the success of the group's active management approach but also that demand for our regional offices and industrial sites remains very strong," said the company's asset manager Stephen Inglis.
Inglis is the chief executive of London & Scottish Property Investment Management.
Shares in Regional REIT were 0.8% higher Wednesday at 108.08 pence each.
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Regional Reit