Regional REIT (RGL) has exchanged contracts for the £27.7m acquisition of a regional office portfolio, its second significant transaction since H119 and marking progress with deployment of £62.5m (gross) proceeds of the July capital raise. With a strong pipeline of investment opportunities, we expect full deployment by early 2020, which will enhance earnings and provide further opportunities for active asset management and value creation.
04 Nov 2019
Regional REIT - Progress with capital raise deployment
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Regional REIT - Progress with capital raise deployment
Regional REIT Ltd. (RGL:LON) | 21.7 0.1 1.6% | Mkt Cap: 112.0m
- Published:
04 Nov 2019 -
Author:
Martyn King -
Pages:
16
Regional REIT (RGL) has exchanged contracts for the £27.7m acquisition of a regional office portfolio, its second significant transaction since H119 and marking progress with deployment of £62.5m (gross) proceeds of the July capital raise. With a strong pipeline of investment opportunities, we expect full deployment by early 2020, which will enhance earnings and provide further opportunities for active asset management and value creation.