IN BRIEF: Industrials REIT disposes of Rose Kiln Court in Reading

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Industrials REIT Ltd - London-based real estate investment trust - Completes the sale of Rose Kiln Court, located in Reading, for £5.88 million. The sale price represents a 2.2% discount to the March 31 valuation of £6.0 million. The property is vacant following the expiry of a lease across the entire building to Thames Water in April. Rose Kiln Court is situated close to Reading town centre and presents an attractive repositioning and redevelopment opportunity for a variety of commercial and residential uses.

London stock price close: 150.74 pence

12-month change: down 9%

Johannesburg stock price close: R 29.95

12-month change: down 18%

Copyright 2022 Alliance News Limited. All Rights Reserved.