Property group invests sale of Birmingham offices in new acquisitions
Real Estate Investors has moved quickly to take advantage of growing confidence in the Birmingham investment market.
The AIM-listed firm has sold a part-vacant investment property at 102-106 Colmore Row and 6 Bennetts Hill and bought two Midlands commercial estates.
The Birmingham city centre property has been sold to Cervidae Consultancy for £7.2m, reflecting a current net initial yield of 4.36% at a premium to REI’s December 2016 year-end valuation.
The first purchase – a mixed use development at Alcester Road South, M... For the full story register now for free or login below...