Profits up 271% at property company
A West Midlands property company has announced a 271% increase in pre-tax profits as its chief executive says the region is about to enter a golden era.
Real Estate Investors saw full year underlying pre-tax profit increase to £5.2m (2015: £1.4m), with revenues up 60% at £13.5m (2015: £8.4m).
Paul Bassi, CEO of REI, said: “We firmly believe that London and the South East have enjoyed over 50 years of exceptional economic prosperity, but we are now seeing a political, social and economic re-balancing within the UK.
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