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%.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Registration includes the following benefits:

  • Access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.

Registered users and subscribers SIGN IN here to continue