The company has spent a year and a half selling down assets as Britons buy more online
etail park portfolio for £156.9m as it continues to shed assets heavily exposed to Brexit uncertainty and the Covid-19 pandemic.
The purchase price reflected a 3% discount to the value reported at end-February, and the deal is expected to be completed in mid-October.just 18 months since announcing RDI’s strategic review, the company has completed about £330m worth of disposals. RDI’s retail assets have lost value and sales over the past few years as more Britons bought their goods online, Watters said. Devaluations had resulted from the uncertainty around the Brexit process.
Private equity firm Starwood Capital bought 111.9-million shares in RDI for 95p per share, in a deal worth R2.3bn. RDI is also continuing to sell its German assets so that it can focus on the UK.
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