RDI Completes Three Retail Park Lettings to Strong Covenants on Favourable Terms
RDI, the income focused UK-REIT, has agreed three new high quality lettings at two of its retail parks delivering an average uplift of 40% on gross annualised rents reported for the year ending 31 August 2018.
RDI Completes acquisition of £26.3 million industrial estate in Farnborough
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%.
Changes to the board
Further to the announcement on 15 December 2017, in which Greg Clarke advised of his intention to step down as Chairman of the Board, RDI, the FTSE 250 income-focused UK-REIT, is pleased to confirm the appointment of Gavin Tipper as the Company’s new Chairman, with effect from 24 July 2018.
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