Regional REIT makes Glasgow retail park sale

The Point Glasgow Regional REIT

Regional REIT has exchanged on a deal to sell The Point Trade & Retail Park near Glasgow for £14.1m.

In a deal in line with Regional REIT’s recently outlined plan to focus on UK offices and industrial, Regional REIT has made the sale to an unnamed buyer for a net initial yield of 6.6% and an uplift of 5.6% on December 2017’s valuation. Completion is expected to take place in early July 2018.

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