Regional Reit: office rents provide a steady growth in income and dividends

Open-ended funds struggle when it comes to illiquid assets such as property, but things are looking good for this real-estate investment trust.

People eating and drinking on Glasgow Green
Templeton on the Green, Glasgow: one property owned by Regional Reits
(Image credit: © Alamy)

An inconspicuous recent announcement by Regional Reit (LSE: RGL) caught my eye. The real-estate investment trust was buying a £236m portfolio of 31 assets, comprising more than 1.6 million square feet in 27 office assets with 192 tenants, two industrial units with three tenants, three residential assets with 12 tenants and a drive-through restaurant.

A Reit on the rise

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Max King
Investment Writer

Max has an Economics degree from the University of Cambridge and is a chartered accountant. He worked at Investec Asset Management for 12 years, managing multi-asset funds investing in internally and externally managed funds, including investment trusts. This included a fund of investment trusts which grew to £120m+. Max has managed ten investment trusts (winning many awards) and sat on the boards of three trusts – two directorships are still active.

After 39 years in financial services, including 30 as a professional fund manager, Max took semi-retirement in 2017. Max has been a MoneyWeek columnist since 2016 writing about investment funds and more generally on markets online, plus occasional opinion pieces. He also writes for the Investment Trust Handbook each year and has contributed to The Daily Telegraph and other publications. See here for details of current investments held by Max.