6th Jun 2019 10:23
LONDON (Alliance News) - Regional REIT Ltd on Thursday said it sold an office building in Sheffield to Sheffield Hallam University for GBP8.8 million.
The price was 25% higher than the building's valuation at the end of 2018, the real estate investment trust said.
The property was acquired in 2016 for GBP6.3 million.
Regional REIT said it will use the proceeds from the sale to develop its "considerable pipeline of opportunities".
Regional REIT shares were trading 1.1% lower at 108.60 pence each.
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