RDI REIT said it had agreed to a a standstill period with Aviva over a funding arrangement.

Aviva had confirmed that it would not take any action to accelerate its security under the Aviva Shopping Centre facility agreement.

The two companies had agreed to progress a consensual sales process or restructuring of the facility during the standstill period.

All net operating cashflows after interest costs of around £6.5m would be retained within the facility.

'The facility is non-recourse to the company and RDI will not be required to provide further cash in respect of this facility during the period of the standstill agreement," RDI said.

Occupancy across the portfolio was 94.5%.


At 8:34am: (LON:RDI) RDI REIT PLC share price was -5.9p at 134.1p