Profits up 271% at property company

Paul Bassi, chief executive, Real Estate Investors
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. “Th... For the full story register now for free or login below...