Regional REIT to pay £27.7m for U.K. office portfolio

Regional REIT has agreed to acquire a four-office asset portfolio for £27.7 million ($35 million) from an institutional investor in the United Kingdom.

The portfolio includes four multi-let offices located in Redhill, Harefield, Bristol and High Wycombe, comprising 131,036 square feet. The properties are let to 24 tenants.

“We continue to methodically employ our bottom-up research approach to each acquisition, as we deploy the recently successfully raised funds. In light of the increasingly attractive pipeline, we look forward to updating shareholders of further acquisitions in due course,” said Stephen Inglis, CEO of London & Scottish Property Investment Management, the asset manager.

Regional REIT’s commercial property portfolio is exclusively focused in the United Kingdom and mainly comprises quality offices and light industrial units located in the regional centers outside of the M25 motorway. The highly-diversified portfolio consists of 149 prope