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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