UK property firm Regional REIT announced on Monday that it has completed the sale of an industrial property portfolio for £39.1 mln (€44.2 mln).
The sale reflects a net initial yield of 6.9%. The sale price represents a premium of 24.1% compared to the assets' latest appraised value per year-end 2017.
The 56,730 m2 industrial portfolio consists of 15 industrial property assets spread across 54 units, let to a total of 42 tenants.
Three separate jumbo loans - from banks, a new non-bank lender and the debt capital markets - show finance markets are in good health.
