Regional REIT (LSE: RGL), the regional real estate investment specialist focused on building a diverse portfolio of income producing regional UK core and core plus office and industrial property assets, is delighted today to announce that a blue chip FTSE 100 insurer has agreed to take a new 10 year lease for 42,612. sq. ft. at Chilworth House, Hampshire Corporate Park, Eastleigh, at a rent of £775,000 per annum which is 15.7% ahead of the previous passing rent.
Stephen Inglis, CEO of London & Scottish Property Investment Management, the Asset Manager, commented:
"We are delighted that another long-term FTSE 100 tenant has renewed their lease with Regional REIT.
Demand continues to be strong and we are very encouraged by the rental rates that we are able to achieve. We also have no shortage of properties to acquire which we can actively manage and improve and subsequently increase rental income. Our intensive active management strategy continues to deliver for our shareholders."