UK commercial property investment and development company, RO Real Estate, has successfully completed the sale of five properties for a total of £5.46 million.
The disposals are part of the company’s strategic ongoing plan to remove non-core assets and reinvest the return into core income and value-add opportunities, in a bid to deliver a high-quality property portfolio.
The details of the assets disposed of are as follows;
Head of RO Real Estate, Richard Bourne, commented: “These disposals follow the completion of our asset management programmes for each property, which included significant refurbishment/extension works and new lettings.
“We now have around £15-20 million to invest and will continue to invest in assets in strong micro-locations, across the south of England, which we believe will deliver us strong long-term income or which have the potential to add significant value.”
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