London-based Regional REIT, a commercial real estate investment trust company, has purchased a portfolio of six offices for 25.9 million pounds ($31.4 million).
The acquired portfolio consists of six offices in Glasgow, Birmingham, Bristol, Cardiff, Chester and Manchester.
Additionally, the properties, totaling approximately 172,442 square feet, are anticipated to provide a net income of about $2.9 million per annum from 27 tenants.
Regional REIT noted that the acquired assets are earnings accretive and will further enhance the diversity and scale of its property portfolio.