Regional REIT is continuing to offload assets as it works to bring down its loan-to-value ratio, with almost 60 properties now in the process of being sold.
In its annual results for 2023, the company said it sold £25m of assets last year. Since the year-end it has completed a further eight disposals for a combined £13.4m, in line with book value. It now has 58 assets “at various stages of disposal” for a total £130m.
Those include one disposal contracted for £405,000; 10 totalling £22m under offer and in legal due diligence; nine totalling £20m in negotiation; 24 totalling £42m on the market; and 14 potential disposals totalling £46m being prepared for the market.
