RDI, an income-focused U.K. REIT, has exchanged contracts for the disposal of its U.K. retail parks portfolio of six assets for £156.9 million (€173.6 million/$204.6 million) to M7 Real Estate, on behalf of M7 Box+ II.
The portfolio comprises the following assets:
Banbury Cross Retail Park, Banbury
St David’s Retail Park, Bangor
Milton Road Retail Park, Edinburgh
Queens Drive Retail Park, Kilmarnock
Priory Retail Park, Merton, London
The Arches, Watford, London
Mike Watters, CEO at RDI, commented, “Together with the disposal of Schloss Strassen Center in Berlin just last week, we have taken a substantial step forward in the implementation of our portfolio strategy in a very short space of time and against a challenging backdrop. In just 18 months since announcing our strategic review, we
