|
Regional REIT Ltd - real estate investment trust - Confirms that ARA Asset Management Ltd has acquired a majority shareholding stake in its asset manager London & Scottish Property Investment Management. In March, Regional REIT said the transaction will cause no disruption to the services provided to the company. Chair Kevin McGrath says: ‘With the existing dedicated asset management team and the day-to-day operating parameters remaining unchanged, shareholders can be reassured that in the longer term, the board believes the access to the resources of a large global real estate platform will strengthen the asset manager, while preserving its unique regional expertise.’ Current stock price: 53.30 pence 12-month change: down 39% Copyright 2023 Alliance News Ltd. All Rights Reserved.
|
