RDI REIT PLC - RDI completes on the disposal of its UK retail parks portfolio for 156.9m

RDI completes on the disposal of its UK retail parks portfolio for £156.9m

RDI REIT P.L.C.
(“RDI” or the “Company”)
(Incorporated in the Isle of Man)
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00BH3JLY32
LEI: 2138006NHZUMMRYQ1745


RDI COMPLETES ON THE DISPOSAL OF ITS UK RETAIL PARKS PORTFOLIO FOR £156.9M


Further to the announcement of 7 September 2020, RDI, the income focused UK Real Estate Investment Trust
(“UK-REIT”), confirms that it has completed on the disposal of its UK retail parks portfolio of six assets.

The headline price of £156.9 million reflects a 3.0 per cent. discount to the last reported 29 February 2020
values and a topped-up net initial yield of 7.5 per cent.

The transaction marks a significant milestone of the ongoing repositioning of the Company’s portfolio and
reflects a pro-forma reduction in the Group’s overall retail exposure to 11.8 per cent. (29 February 2020:
28.4 per cent.). As previously announced, the proceeds from the transaction will be used to pay down
approximately £100m of the AUK revolving credit facility with the remainder held in cash within the Group
to enhance cash and facility headroom.

The Company will announce its Full Year Results on Thursday, 5 November 2020.

For further information:

RDI REIT P.L.C.
Mike Watters, Stephen Oakenfull                            Tel: +44 (0) 20 7811 0100

FTI Consulting
UK Public Relations Adviser
Dido Laurimore, Claire Turvey                              Tel: +44 (0) 20 3727 1000
rdireit@fticonsulting.com

Instinctif Partners
SA Public Relations Adviser
Frederic Cornet                                             Tel: +27 (0) 11 447 3030
RDI@instinctif.com

JSE Sponsor
Java Capital                                               Tel: + 27 (0) 11 722 3050

2 November 2020

Note to editors:

About RDI

RDI is an income focused UK-REIT with a diversified portfolio invested principally in the UK. The
investment approach is driven by an in depth understanding of occupational demand including the impact of
technology, transport and infrastructure investment. The portfolio has been repositioned in recent years to
increase its weighting to London and the South East and to provide greater exposure to our leading hotel and
serviced office operating platforms.

RDI is committed to delivering attractive income led total returns across the real estate cycle. The current
strategic objectives of a lower leverage capital structure and more focused allocation of capital are targeted at
delivering an industry leading and sustainable income return.

RDI is a UK Real Estate Investment Trust (UK-REIT) and holds a primary listing on the London Stock
Exchange and a secondary listing on the JSE. The Company is included within the EPRA, GPR, JSE All
Property and JSE Tradeable Property indices.


For more information on RDI, please refer to the Company's website www.rdireit.com

Date: 02-11-2020 09:00:00
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