Regional REIT (GB:RGL) has released an update.
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Regional REIT Limited reported a positive quarter with significant leasing activity, including six new leases generating £0.7m in annual rental income, and a further seven lease renewals. The company also completed disposals yielding £6.9 million, contributing to a strategy that allowed a successful £110.5m capital raise post-quarter. This financial boost is set to repay existing retail bonds and facilitate capital expenditures meant to strengthen the company’s long-term asset value.
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