Royal Bank of Scotland backs office acquisitions

Regional REIT, the office and industrial propertyfocused real estate investment trust, has snapped up three UK office properties with the support of Royal Bank of Scotland’s property finance team in Scotland.

The bank has increased the trust’s existing finance facility from £19 million to £34m to support its purchase of more than 208,000 square feet of regional office space comprising the Clearblue Innovation Centre in Bedford, Telford’s International House and the Courtyard in Macclesfield.

The three deals follow a further 197,000 sq ft of office acquisitions completed in January this year which were also supported by Royal Bank of Scotland.