AEW UK REIT (GB:AEWU) has released an update.
AEW UK REIT plc has successfully sold Oak Park Industrial Estate for £6.3 million, a 33% premium over its March 2024 valuation, following new lettings that fully occupied the estate and significantly increased annual rental income. The sale of the Droitwich-based industrial estate, which was originally purchased in 2015, marks a strategic move by the company to maximize medium-term asset value and reinvest in its existing portfolio for future gains.
For further insights into GB:AEWU stock, check out TipRanks’ Stock Analysis page.