RDI buys into London’s flexible office market

RDI Reit, the western European-focused real estate group, has acquired a £161.7m portfolio, which significantly improves the company’s asset base. The portfolio includes properties in London’s popular flexible office market and is a boon for RDI, which has struggled to create value for shareholders over the past couple of years. In 2017, it managed a negative total return of 0.36%, according to research by analyst Garreth Elston. Its share price has fallen 36% over the past three years.

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