UKCP buys in Reading and sells in Bristol

The White Building Reading

UK Commercial Property REIT has acquired the White Building in Reading for £51m and sold 1 Rivergate in Bristol for £27.6m.

The REIT, which is managed by Aberdeen Standard Investments, acquired the White Building from Boultbee Brooks Real Estate and CBRE Global Investors. The £51m price reflects a topped up net initial yield of 5.75%. 

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