Guernsey-based real estate investment trust company Regional REIT has agreed to buy a portfolio of four office assets from a UK institutional vendor.
Regional REIT intends to pay 27.7 million pounds ($36 million) to buy the portfolio, comprising four multi-let offices located in Redhill, Harefield, Bristol and High Wycombe.
The properties are expected to provide a net income of approximately $3.4 million per annum from 24 tenants.
Regional REIT expects to close on the acquisition of the assets, totaling circa 131,036 square feet, by the end of October.