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, 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%.
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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