British pounds

RO acquires GBP15m of south east properties

Mon, 24/02/2014 - 06:40

RO Developments, the UK commercial property investment and development company, has completed GBP15m of transactions as part of its ongoing investment strategy.

RO is repositioning its portfolio by carrying out a rolling programme of disposals and recycling the proceeds for reinvestment in core income and value-add opportunities in the south east.
 
As part of this portfolio realignment RO has disposed of GBP6.6m of its non-core secondary assets outside the south east and acquired GBP8.6m of high-quality properties in the south east. These acquisitions offer the opportunity to add value through active asset management.
 
Richard Bourne, head of RO Developments, says: “The transactions will improve the quality and performance of our portfolio. We have significant cash resources available and will be actively looking for lot sizes between GBP2m and GBP5m in the south east, an area we have identified for secure growth and long term potential.”


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