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RDI REIT sells Charing Cross Road property for £59.3m
StockMarketWire.com
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Property investor RDI REIT said it had sold 127 Charing Cross Road in London for a headline price of £59.3 million to Nomura Real Estate UK.
The disposal price reflectd a 1% premium to the 31 August asset valuation and a net initial yield of 3.1% per cent, based on the contracted rental income.
The property had been acquired as part of the AUK portfolio acquisition in March 2016 for £42.6 million.
RDI REIT said said the disposal price therefore reflected a 39.1% increase in value since acquisition.
Story provided by StockMarketWire.com
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