10th Sep 2018 11:06
LONDON (Alliance News) - Regional REIT Ltd said Monday that it sold a modern office site in Cheshunt, England, for GBP17.3 million.
The real estate investment company had acquired the office site in December 2017 for GBP14.3 million.
Furthermore, the company added that it completed the first letting at Aztec West in Bristol, England.
Under the 10-year agreement, Edvance SAS will lease 31,000 square feet at a headline rental rate of GBP21.50 per square foot, Regional REIT explained.
"Regional REIT has overseen a comprehensive GBP6.9 million refurbishment of the site, which includes full re-cladding, a new double height fully glazed entrance and atrium reception, shower facilities, cycle storage and electric vehicle charging points amongst other improvements including the enhancement of the energy efficiency of the building to a "B" rating," the company said.
Shares in Regional REIT were trading up 0.8% at 96.43 pence each.
Related Shares:
Regional Reit