RDI shrinks UK retail business on Brexit and Covid-19
The company has spent a year and a half selling down assets as Britons buy more online
07 September 2020 - 19:58
UPDATED 08 September 2020 - 11:54
JSE and London-listed RDI Reit said on Monday that it has agreed to sell its UK retail park portfolio for £156.9m (R3.4bn) as it continues to shed assets heavily exposed to Brexit uncertainty and the Covid-19 pandemic.
The sale of the six assets in the park will reduce the group’s retail exposure to 11.8% of the portfolio, RDI said, with the group now focusing on hotels, light industrial warehouses and flexible-use offices...
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