NEWS ARCHIVE
Archive Property, Investment and Development news from
London & Scottish Investments.
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27 FEBRUARY 2020
Q4 2019 DIVIDEND DECLARATION: +2.5% FY 2019
Regional REIT (LSE: RGL), the regional real estate investment specialist focused on building a diverse portfolio of income producing regional UK core and core plus office and industrial property assets, today announces its Q4 2019 dividend, making a 2.5% increase for the 2019 full year dividend distributions to shareholders...
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20 FEBRUARY 2020
POTENTIAL EQUITY FUNDRAISE FOR ACCRETIVE GROWTH OPPORTUNITIES
Regional REIT (LSE: RGL), the regional real estate investment specialist focused on building a diverse portfolio of income producing regional UK core and core plus office and industrial property assets, today announces that it is considering an equity fundraise...
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29 JANUARY 2020
2019 PORTFOLIO VALUATION INCREASE AND POSITIVE 2020 ASSET MANAGEMENT UPDATE
Regional REIT (LSE: RGL), the regional real estate investment specialist focused on building a diverse portfolio of income producing regional UK core and core plus office and industrial property assets, is pleased to announce the valuation of the Group's 2019 property portfolio, and asset management update...
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31 DECEMBER 2019
ATTRACTIVE OFFICE ACQUISITION FOR £10.3M
Regional REIT (LSE: RGL), the regional real estate investment specialist focused on building a diverse portfolio of income producing regional UK core and core plus office and industrial property assets, is delighted to announce today that it has acquired a valuable office asset in one of Scotland's premier business parks for a total consideration of £10.3m...
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30 DECEMBER 2019
LETTINGS SECURED - AHEAD OF EXPECTED RENTAL VALUE
Regional REIT (LSE: RGL), the regional real estate investment specialist focused on building a diverse portfolio of income producing regional UK core and core plus office and industrial property assets, today announces further successful lettings 3.0% ahead of expected rental value ("ERV"). In total the rents amount to £589,856 per annum...
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20 DECEMBER 2019
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRS") AND PERSONS CLOSELY ASSOCIATED WITH THEM ("PCA").
The Company announces that Stephen Inglis, CEO of the asset manager to the Company sold 350,000 Ordinary Shares in the Company on 20 December 2019 at a price of £1.115195 per share. These shares have been sold to meet the tax obligations and charitable commitments of the Inglis family...
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27 NOVEMBER 2019
AVIVA LETTING - SIGNIFICANT HEADLINE RENT INCREASE
Regional REIT (LSE: RGL), the regional real estate investment specialist focused on building a diverse portfolio of income producing regional UK core and core plus office and industrial property assets, is delighted today to announce that a blue chip FTSE 100 insurer has agreed to take a new 10 year lease for 42,612. sq. ft. at Chilworth House, Hampshire Corporate Park, Eastleigh, at a rent of £775,000 per annum which is 15.7% ahead of the previous passing rent...
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25 NOVEMBER 2019
LETTINGS ACHIEVED - ABOVE EXPECTED RENTAL VALUE
Regional REIT (LSE: RGL), the regional real estate investment specialist focused on building a diverse portfolio of income producing regional UK core and core plus office and industrial property assets, today announces further successful lettings some 5.5% ahead of expected rental value, amounting to £486,691 per annum...
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14 NOVEMBER 2019
Q3 2019 TRADING UPDATE, DIVIDEND AND OUTLOOK STATEMENT
Regional REIT Limited (LSE: RGL), the regional real estate investment specialist, focused on building a diverse portfolio of income producing regional UK core and core plus office and industrial property assets, today announces its trading update for the period from 1 July to 30 September 2019, and its dividend declaration for the third quarter of 2019...
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08 NOVEMBER 2019
LETTINGS UPDATE - FURTHER SUCCESSFUL PROGRESS
Regional REIT (LSE: RGL), the regional real estate investment specialist focused on building a diverse portfolio of income producing regional UK core and core plus office and industrial property assets, is pleased to announce further successful lettings some 19% ahead of expected rental value, amounting to £644,537 per annum...
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18 OCTOBER 2019
SIGNIFICANT OFFICE PORTFOLIO ACQUISITION FOR £27.7M
Regional REIT (LSE: RGL), the regional real estate investment specialist focused on building a diverse portfolio of income producing regional UK core and core plus office and industrial property assets, is delighted to announce today that it has exchanged contracts to acquire a portfolio of four office assets for a total consideration of £27.7million from a UK institutional vendor, with completion expected by the end of October...
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09 OCTOBER 2019
SUCCESSFUL REGIONAL LETTINGS
Regional REIT (LSE: RGL), the regional real estate investment specialist focused on building a diverse portfolio of income producing regional UK core and core plus office and industrial property assets, today announces an update on a number of successful regional lettings across its portfolio, in aggregate some 10.9% ahead of expected rental value ("ERV")...
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11 SEPTEMBER 2019
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRS") AND PERSONS CLOSELY ASSOCIATED WITH THEM ("PCA").
The Company announces that the following named PDMRs or PCAs with such PDMRs acquired the following ordinary shares in the Company...
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10 SEPTEMBER 2019
HALF YEAR RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2019
Regional REIT Limited (LSE: RGL), the regional real estate investment specialist, focused on building a diverse portfolio of income producing regional UK core and core plus office and industrial property assets, today announces its half year results for the six months ended 30 June 2019...
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29 AUGUST 2019
DIVIDEND DECLARATION - Q2 2019
Regional REIT (LSE: RGL), the REIT focused on income producing regional UK core and core plus office and industrial property assets, today announces its Q2 2019 dividend...
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21 AUGUST 2019
SUBSTANTIAL PORTFOLIO ACQUISITION FOR £25.9M
Regional REIT (LSE: RGL), the regional real estate investment specialist focused on building a diverse portfolio of income producing regional UK core and core plus office and industrial property assets, is delighted to announce today that it has acquired a portfolio of six office assets for a total consideration of £25.9million...
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14 AUGUST 2019
LETTINGS UPDATE - FURTHER SUCCESSFUL PROGRESS
Regional REIT (LSE: RGL), the regional real estate investment specialist focused on building a diverse portfolio of income producing regional UK core and core plus office and industrial property assets, today announces successful lettings amounting to c.£1.27m per annum. These lettings represent a major uplift in income for the Group as all of these properties were vacant prior to these lettings with the exception of Chatham. The new leases include...
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19 JULY 2019
RESULTS OF CAPITAL RAISING
On 24 June 2019, Regional REIT announced a proposed Placing, Open Offer, Offer for Subscription and Intermediaries Offer at 106.5 pence per share (the "Capital Raising")...
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15 MAY 2019
FURTHER LETTINGS SUCCESSFULLY SECURED
Regional REIT (LSE: RGL), the regional real estate investment specialist focused on building a diverse portfolio of income producing regional UK core and core plus office and industrial property assets, today announces new successful lettings, which includes four new tenants...
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20 FEBRUARY 2019
MORE POSITIVE LETTINGS FOR REGIONAL REIT
London & Scottish Investments Limited (“LSI”), Asset Manager to Regional REIT, the UK regional office and industrial property focused real estate investment trust, is delighted to announce further new letting agreements for the Company on top of the flurry of lettings, previously announced at the end of 2018 and earlier this year...
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14 JANUARY 2019
REGIONAL REIT SIGNS BRISTOL’S LARGEST OUT-OF-TOWN OFFICE LETTING...
London & Scottish Investments Limited (“LSI”), Asset Manager to Regional REIT Limited (“the Group”), the UK regional office and industrial property focused real estate investment trust, today announces that it secured Bristol’s largest letting in the out of town office market for the second quarter running in 2018.
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19 DECEMBER 2018
REGIONAL REIT FINISHES THE YEAR WITH A TRIO OF LETTINGS
London & Scottish Investments Limited (“LSI”), Asset Manager to Regional REIT Limited (“the Group”), the UK regional office and industrial property focused real estate investment trust, today announces that it has agreed three substantial new lettings.
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18 JULY 2018
LAUNCH OF RETAIL ELIGIBLE BONDS
Regional REIT, the UK regional office and industrial property focused real estate investment trust, today announces the launch of an offer of 4.5% sterling bonds due 2024 (the “Bonds”).
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10 APRIL 2018
REGIONAL REIT LIMITED
Regional REIT completes £4.9m acquisition in Portsmouth: London & Scottish Property (LSI), Asset Manager to Regional REIT Limited, the UK regional office and industrial property focused real estate investment trust, today announces it has acquired an office building at Port Solent, Portsmouth from Northwood Investors in a £4.9 million transaction.
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10 JANUARY 2018
REGIONAL REIT LIMITED
The New Facility has a 5-year term maturing in November 2022, and replaces, at a competitive rate, the current three-year debt facility with Santander UK of £47.8 million, which was due to mature in December 2018.
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23 AUGUST 2017
REGIONAL REIT LIMITED
PRESS RELEASE: Glasgow, 23 August 2017 – Regional REIT, the UK regional office and industrial property focused real estate investment trust, today announces that London & Scottish, the property and asset manager to Regional REIT Limited, has recently secured a number of new lettings and regears.
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22 AUGUST 2017
REGIONAL REIT LIMITED
Regional REIT, the UK regional office and industrial property focused real estate investment trust, today announces that London & Scottish, the property and asset manager to Regional REIT Limited, has acquired Woodlands Court, Bristol, and has secured a number of significant new lettings.
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8 JUNE 2017
THAMES TRADING ESTATE, IRLAM – FULLY LET
London & Scottish Property have now completed the final letting at Thames Trading Estate, Irlam, taking occupation up to 100%.
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1 JUNE 2017
GRECIAN CRESCENT – REFURBISHMENT COMPLETE.
London & Scottish Property have now completed a significant refurbishment of the ex Wolseley Unit at Grecian Crescent.
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30 MAY 2017
REGIONAL REIT LIMITED
PRESS RELEASE: Glasgow, 30 May 2017 – Regional REIT, the UK regional office and industrial property focused real estate investment trust, today announces that London & Scottish Property, property and asset manager to Regional REIT Limited, has secured a new letting of the whole of Brennan House, Farnborough, to Fluor Limited.
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22 MAY 2017
REGIONAL REIT LIMITED
PRESS RELEASE: Glasgow, 22 May 2017 – Regional REIT, the UK regional office and industrial property focused real estate investment trust, today announces that it has secured new lettings and regears for in excess of 102,000 sq. ft., providing headline rental income of over £1.2m per annum.
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2 MAY 2017
COMPLETION ON A SIGNIFICANT REINSTATEMENT PROJECT.
Further to former tenant Aviva vacating the space, the landlord (RR Wing) were required to reinstate the whole floor as no yielding works had been undertaken, further to lease expiry.
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24 APRIL 2017
REGIONAL REIT LIMITED
PRESS RELEASE: Glasgow, 24 April 2017 – Regional REIT, the UK regional office and industrial property focused real estate investment trust, today announces it has secured new lettings and regears for approximately 50,400 sq. ft. providing headline rental income of approximately £0.6m per annum...
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14 MARCH 2017
REGIONAL REIT LIMITED
PRESS RELEASE: Glasgow, 14 March 2017 – Regional REIT, the UK regional office and industrial property focused real estate investment trust, today announces a number of recent asset management initiatives completed or initiated on its portfolio by the Asset Manager, London & Scottish Investments Limited.
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6 MARCH 2017
REGIONAL REIT LIMITED
PRESS RELEASE: Glasgow, 6 March 2017 – Regional REIT, the UK regional office and industrial property focused real estate investment trust, today announces a number of recent asset management initiatives completed or initiated on its portfolio by the Asset Manager, London & Scottish Investments Limited...
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21 FEBRUARY 2017
REGIONAL REIT LIMITED
PRESS RELEASE: Glasgow, 21 February 2017 – Regional REIT, the UK regional office and industrial property focused real estate investment trust, today announces that the final available floor space at its office building, 9 Portland Street, Manchester, has been leased to an existing tenant, Mott MacDonald Limited, along with the removal of a break on their existing letting.
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9 FEBRUARY 2017
9 PORTLAND STREET, MANCHESTER – FULLY LET.
LSP recognised Mott MacDonald's requirement for more space, and also anticipated the cluster of breaks/renewals within a relatively short period at Portland Street.
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31 AUGUST 2016
LSI IS PROUD TO SUPPORT GLOW GOLD SEPTEMBER FOR CHILDHOOD CANCER AWARENESS.
LSI is participating in Glow Gold September, a national campaign to raise awareness of Childhood Cancer.
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8 JUNE 2016
LONDON & SCOTTISH PROPERTY COMPLETE LARGEST BASINGSTOKE LETTING IN 5 YEARS
London & Scottish Property (LSP) have just completed the 28,000 sq. ft. letting of Rosalind House, Basingstoke, to New Voice Media (NVM), the largest letting in 5 years.
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9 MARCH 2016
LSSH ACQUIRES FIRST STUDENT ASSET IN SHEFFIELD
The student residential division of London & Scottish Investments (LSI), London & Scottish Student Housing (LSSH), has acquired Crown House in Sheffield for £3 million.
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4 NOVEMBER 2015
LONDON & SCOTTISH INVESTMENTS TO MANAGE £386M OF ASSETS FOR NEW STOCK EXCHANGE LISTED COMPANY
London & Scottish Investments Ltd (LSI), a Glasgow-based investment, development, and property asset management company, has today announced that it has been appointed as asset manager for Regional REIT Limited, a newly-incorporated regional commercial property company which will be admitted to the London Stock Exchange on Friday (6 November 2015).
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20 AUGUST 2015
WELLINGTON STREET, LEEDS
Work has started on a £1.5 million refurbishment of 120 Wellington Street, Leeds, which is managed by London & Scottish Property Asset Management (part of London & Scottish Investments). The works will deliver 18,667 sq ft of Grade A offices with floors of 6,500sqft. The work on this high profile building is scheduled to be completed in January 2016.
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13 AUGUST 2015
LONDON & SCOTTISH INVESTMENTS ANNOUNCES PURCHASE OF 14 SITES FROM TESCO
London & Scottish Investments Ltd (LSI), a Glasgow-based investment, development, and property asset management company, has today announced a deal to purchase a package of 14 vacant sites from Tesco. The sites are located across Scotland and will be developed by LSI for a mix of retail and residential uses.
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17 APRIL 2015
LET OF 4TH FLOOR OF PORTLAND STREET SECURED BY LONDON & SCOTTISH
WHR Property Consultants has acquired a 9,000 sq ft office suite on behalf of global management, engineering and development consultancy Mott MacDonald on the fourth floor of 9 Portland Street in Manchester city centre. Mott MacDonald is relocating from 111 Piccadilly as part of its expansion strategy having taken a 10 year lease.
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