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.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now