Regional REIT - Significant proposed growth and funding

We have previously commented on the fact that regional commercial property markets, especially for industrial and office properties, have remained firm despite Brexit uncertainties. Steady occupier demand, combined with a general tightness of supply, is supporting rental growth in many areas. Against this background, Regional REIT (RGL) continues to see a wide range of acquisition and asset enhancement opportunities, which meet its investment criteria, giving rise to a strong pipeline of capital deployment opportunities. RGL has conditionally agreed the acquisition of two portfolios and is seeking to raise up to £100m gross from the issue of new shares.