High-quality office property in London is actually doing quite well (though, non-prime, office campuses, not so much) (Financial Times: Content 93deddf9 dc16 41ef 9b53 99ffa8d768c6)

Generally, property bubbles and crashes usually spread out from London over time.

It so happens there's a small REIT that specialises in offices (90%) outside of London, called Regional REIT.

It's been having a tough time and it's on a yield of over 10% now.

Still, they've made some changes to lower management costs, keep debt down etc.

You can read the most recent trading update here: (otp.investis.com - Regulatory story)

It's likely to experience a dividend cut in the future though: "Targeting* a dividend of 8p per share in 2026".

If you are sufficiently brave, or have strong feelings about office property, it might be an interesting deep value play in the UK REIT sector.

I will not be investing in it myself but I thought the idea might be of interest to others.

Factsheet: (regionalreit.com - Rgl factsheet sep)

TRS