An Australian property investor has joined the ranks of overseas buyers seeking to snap up British retail landlords hit by the falling rental values of their estates.
The Brisbane-based Cromwell Property Group has made a takeover approach to RDI Reit, which has a £1.6bn commercial property portfolio in the UK and Germany.
The move prompted a 14% jump in RDI’s London-listed shares, which closed 18p up last night at 147p.
