RDI, the income focused UK-REIT, today announces that it has completed the acquisition of Southwood Business Park, an industrial estate in Farnborough, Hampshire for a total consideration of £26.3 million, reflecting a net initial yield of 6.2%.

In 1943, Thomas Watson, the chairman of IBM at the time, was reported to have said when he saw the computer: “I think there’s a world market for maybe five.” If only he had known that what started as just an acorn would grow into the mighty oak of the personal computer revolution?

With over 100 people in attendance at the Fancourt Hotel and Golf Resort in George, as well as 211 people watching the sale on the internet, where it was webcast live in real time.

40 properties come under the hammer in biggest commercial and residential property auction by The High St Auction Co since launching in 2010.

Killarney Mall owner Octodec has posted a small drop in distributions to 65c for the six months to February, from 65.1c in the first half of last year.

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