In the chair with Regional REIT’s Stephen Inglis on positive new lettings and how they reflect increasingly limited supply
18/06/2026
In this interview, Stephen Inglis, head of Regional REIT’s asset manager, ESR Europe LSPIM, and de facto CEO of RGL, talks about the very encouraging leasing transactions just announced. These are 20-year leases and will add c £1.1m to annualised contracted rent and save c £0.7m of property costs. Even more interesting is that the space has been in an un-refurbished condition, and the tenant has committed to undertake substantial improvement works at a cost in the region of £5m. This letting is a great example of the demand that exists for office space in the regions where new supply is extremely limited. Stephen comments that ‘This is one of a number of approaches we have received from tenants unable to identify suitable ready-to-occupy accommodation and are therefore now seeking space that can be refurbished to suit their occupational requirements. I expect this trend to continue as the supply of ready-to-occupy space continues to contract’.
Regional REIT — Positive leasing developments
18/06/2026
Regional REIT (RGL) has completed two new leases of previously vacant office space, to a single occupier, on a 20-year lease. This adds c £1.1m per year to contracted rent and saves c £0.7m of vacant property costs. The offices have been rented in an unrefurbished condition, with the tenant undertaking substantial improvement works at a cost in the region of £5m. This letting provides evidence of the underlying demand that exists for office space in the regions where new supply is extremely limited.
Regional REIT — Encouraging progress
20/05/2026
Regional REIT (RGL) has published an update on Q126 trading to accompany its AGM. While market conditions remain challenging, it has continued to make good progress on its portfolio repositioning strategy. We expect the sale of predominantly vacant, non-core assets will reduce property costs by more than rental income, while the proceeds are funding debt reduction and interest cost savings. It is particularly encouraging that new leases continue to be agreed at a strong premium to estimated rental value (ERV) and that, adjusted for disposals, underlying rent roll was broadly stable versus end-FY25. A Q1 DPS of 2.0p has been declared, in line with the previously declared FY26 target of 8.0p.