6th Nov 2015 10:03
LONDON (Alliance News) - Shares in Regional REIT Ltd rose as they started trading on the London Stock Exchange's Main Market on Friday.
The company's shares were up to 102.00 pence, 2.0% higher than the 100.00p at which the shares were issued. The group raised GBP80.0 million from the issue after issuing 80.0 million shares at 100.0p a share.
The real estate trust, which announced its plans to float on Tuesday, is seeking to take advantage of the potential in the UK's regional commercial property market. It will focus its investment plans on office and industrial assets in major regional centres and urban areas outside of London.
By Sam Unsted; [email protected]; @SamUAtAlliance
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Regional Reit