Stay updated with breaking news from Sumit Roy. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Realty Income: The announcement of the deal, which sent shares of Spirit Realty up 13% in premarket trading, comes at a time when the U.S. commercial real estate faces pressure from tightening financial conditions and a deteriorating economic outlook.
:max_bytes(150000):strip_icc()/INV_REIT_GettyImages-1352455992-e1adeccd63f64e6c9633c5c01aa8d262.jpg)
Real estate investment trust (REIT) Realty Income Corp. said it would buy another REIT, Spirit Realty Capital, for $9.3 billion in an all-stock deal.
A SHOPPING park in Cheshire has been sold to a real estate investment company based in the United States.
A SHOPPING park based in Wrexham has been sold to a real estate investment company based in the United States.
Plas Coch Retail Park in Wrexham is one of 11 involved in the deal.