REG - Regional REIT Ltd - Disposals Programme Update

Regional REITAnnouncement

10/12/2025 07:00

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RNS Number : 9017K  Regional REIT Limited  10 December 2025

10 December 2025

REGIONAL REIT Limited

("Regional REIT", the "Group" or the "Company")

Disposals Programme Update

 

Regional REIT Limited, the regional commercial property specialist, is pleased
to announce it has completed the disposal of Oakland House, Talbot Road, Old
Trafford, Manchester to Legacie Developments Ltd. for a total consideration of
£13.0m, reflecting a net initial yield of 5.1% and representing a 1% premium
over the 30 June 2025 book value.

 

Oakland House is a multi-let office building occupied in part by Greater
Manchester Police under the Greater Manchester Combined Authority banner, with
35% vacancy. The property comprises 161,505 sq. ft. of office space with 1.7
years to expiry and generates annual rental income of £0.7m.

 

This disposal aligns with the Group's strategy to reduce gross indebtedness
and vacancy levels. Including this sale and six other asset sales since 30
September 2025, total disposals for the financial year-to-date generated
£51.7m of proceeds before costs, which reflects 1% above book value and
exceeds the £40m-£50m target for 2025.

 

Stephen Inglis, Head of ESR Europe LSPIM, Asset Manager commented:

"The planned disposal programme is progressing well and in line with our
plans. Annual sales to date now exceed £50m, surpassing our yearly target.
The proceeds from these disposals will be allocated towards further debt
reduction and accretive capital expenditure initiatives to enhance the quality
of our portfolio."

 

- ENDS -

 ESR Europe Investment Management Ltd  Tel: +44 (0) 203 831 9776
 Investor Relations
 Adam Dickinson

 ESR Europe LSPIM Limited              Tel: +44 (0) 141 248 4155
 Asset Manager to the Group
 Stephen Inglis

 FTI Consulting                        Tel: +44 (0)20 3727 1000
 Financial Communications              RegionalREIT@fticonsulting.com (mailto:RegionalREIT@fticonsulting.com)
 Dido Laurimore, Giles Barrie

 

About Regional REIT

 

Regional REIT Limited ("Regional REIT" or the "Company") and its
subsidiaries (the "Group") is a United Kingdom ("UK") based real estate
investment trust that launched in November 2015. It is managed by ESR Europe
LSPIM Limited, the Asset Manager, and ESR Europe Private Markets Limited, the
Investment Adviser.

 

Regional REIT's commercial property portfolio is comprised wholly of income
producing UK assets, predominantly offices located in the regional centres
outside of the M25 motorway. The portfolio is geographically diversified, with
118 properties, 1,242 units and 690 tenants as at 30 September 2025, with a
valuation of c.£595.9m.

 

Regional REIT pursues its investment objective by investing in, actively
managing and disposing of regional Core and Core Plus Property assets. It aims
to deliver an attractive total return to its Shareholders with a strong focus
on income supported by additional capital growth prospects.

 

The Company's shares were admitted to the Official List of
the UK's Financial Conduct Authority and to trading on the London Stock
Exchange on 6 November 2015. For more information, please visit the Group's
website at www.regionalreit.com
(https://protect.checkpoint.com/v2/r02/___http:/www.regionalreit.com/___.YXAxZTpzaG9yZWNhcDpjOm86ZWFjODIyNjMxNzM3ZDc3MDFhNDkyZmRmOTRkYjMyMGM6NzpjNjUwOmUyZTZmZTk4ZjNjNTkzYmVlMTc2MmZmMTg4ZTBmOGI5NzI0NDNhOWU3YzM1ZGRkNjkyZDNlNDE3M2RhNjBhZTM6cDpGOk4)
.

 

LEI: 549300D8G4NKLRIKBX73

 

 

 

 

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