GCIRegional REIT: Edison
(RGL’s) H124 performance had been well flagged during its equity raising and provided no surprises. With the £110.5m equity raise completed and the (£50m) retail bond repaid, investor attention will again be focused on operational performance and the wider outlook for the regional office sector. Robust occupier demand for good-quality assets continues to generate rental growth and, with interest rates expected to fall further, the tone of the investment market has begun to improve.
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