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Regional REIT Sells UK Office Building for GBP13 Million

MT Newswires·12/10/2025 03:56:36
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03:56 AM EST, 12/10/2025 (MT Newswires) -- Regional REIT (RGL.L) sold the Oakland House office building in Manchester, UK, to Legacie Developments for 13 million pounds sterling. The sale is part of the British real estate investment trust's planned disposal program aimed at reducing gross debt and vacancy levels, according to a Wednesday filing. Regional REIT added that the sale brings the total amount of disposal proceeds for the year to 51.7 million pounds, surpassing its target of between 40 million pounds and 50 million pounds.