UK property firm Regional REIT announced on Monday that it has completed the sale of an industrial property portfolio for £39.1 mln (€44.2 mln).
The sale reflects a net initial yield of 6.9%. The sale price represents a premium of 24.1% compared to the assets' latest appraised value per year-end 2017.
The 56,730 m2 industrial portfolio consists of 15 industrial property assets spread across 54 units, let to a total of 42 tenants.
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