Finance

Regional REIT sells in Cheshunt and secures first Aztec letting in Bristol

By 2018-09-10T07:50:00

Stephen Inglis Regional REIT

Regional REIT has sold the Turnford Place office site in Cheshunt for £17.25m, reflecting a net initial yield of 5.8%.

The 59,176 sq ft site was originally acquired by Regional REIT in December 2017 as part of the Newton portfolio. At that time, the office development was valued at £14.3m. The sale price marks an uplift of 20.6% against the December valuation.

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