Regional Reit has a refurb

One of the key attractions of Regional Reit (RGL) is that because it offers very affordable rents – £13 per sq ft for office and £3.74 for industrial space – there is considerable reversionary income yet to be crystallised. So while the net initial yield on the portfolio is 6.7 per cent, if rents were marked to market this would jump to 9.2 per cent.