Business
Further lettings successfully secured
Further lettings successfully secured.
About this update from Regional Reit Ltd.
[{"type":"text","content":"\n \nRNS Number : 0303Z Regional REIT Limited 15 May 2019 \n\n15 May 2019\n \nREGIONAL REIT Limited\n(\"Regional REIT\", the \"Group\" or the \"Company\")\n \nFurther lettings successfully secured\n \nRegional 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:\nOdeon, Kings Court, Dundee: A new 10 year tenancy extension agreement has been secured by Regional REIT with the longstanding tenant, Odeon, at a rent of £737,600 per annum which extends the lease expiry to 2035. Under the agreement, Odeon will undertake a full refurbishment to the new Odeon Luxe format for which Regional REIT will make a significant capital contribution. \nJuniper Park, Basildon: The largest industrial unit within Juniper Park has been re-let for five years to longstanding tenant Schenker Limited. Unit 3B, which totals 74,189 sq. ft. of warehousing space has been secured for a headline rent of £463,681 per annum. In addition, the office space, comprising the Ground Floor of Mayne House and Juniper Place front and rear totalling 12,851 sq. ft., has been secured for a headline rent of £182,265 per annum. \nArena Point, Leeds: The Secretary of State for Housing, Communities and Local Government has taken occupation over the fourth and fifth floors amounting to 8,134 sq. ft. on a flexible leasing basis.\nWelcoming four new tenants:\nSolihull Parkway, Birmingham Business Park: 1760 Solihull Parkway has been leased in its entirety to Open Study College Limited, totalling 4,464 sq. ft.. They have signed a 10 year lease at a rent of £87,048 per annum. The letting immediately follows the completion of the recent full refurbishment of the building which was managed by the asset manager.\nBear Brook Office Park, Aylesbury: Product Compliance Specialists Limited has agreed a 10 year lease over Suite B, Ground Floor, Building 2, Bear Brook Office Park (5,118 sq. ft.) at a rent of £87,006 per annum. Building 2, 61,385 sq. ft. was refurbished in 2018 and the completion of this letting leaves only one suite available within the building. \nDoges, Templeton on the Green, Glasgow: Leading Scottish charity, Cornerstone Community Care...