RDI eyes German exit as part of new strategic plan

Gavin Tipper Chairman RDI REIT

RDI REIT has pledged to take “decisive action” to reduce leverage, reduce its retail exposure and be more focused in its capital allocation after seeing its EPRA NAV per share fall 4.4% to 204.4p in the six months to the end of February.

The group, which this month saw off a takeover approach from Australia’s Cromwell Property Group, revealed in its interim results that it planned to sell its German assets in order to reduce its loan to value ratio which currently stands at 48.5%.

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