Regional REIT, the office and industrial property-focused real estate investment trust, has announced the provision of a new £55m Revolving Credit Facility with Royal Bank of Scotland.
Regional REIT Limited is a London Stock Exchange Main Market traded specialist real estate investment trust focused on office and industrial property interests in the principal regional locations of the United Kingdom.
The new facility will refinance an element of existing facility as well as supporting the continuing strategy of acquiring assets where their proven management competence can best be used, and of disposing selected assets which have met their individual asset management objectives in order to maximise realised returns. A key element of the strategy is to ensure the portfolio remains diversified in terms of geography and asset type.
Stephen Inglis, Chief Executive Office of Regional REIT said “The RBS Real Estate Finance Team have supported us since we first floated. They have once again demonstrated their ability to understand our business and reflect that in their debt structuring with this fully revolving facility. They have also been able to execute at pace whilst always maintaining the highest possible professional standards”.
Jamie Drummond, Relationship Lead at RBS Real Estate Finance said: “We are delighted to be able to continue our support of the Regional REIT management team who have continued to deliver both fund and asset management performance of a high order. We look forward to working with them on future transactions”.