Property investor splashes out £4m on business park
Real Estate Investors (REI), the Birmingham-based, AIM-listed real estate investment trust, has acquired the freehold of a major business park close to Junction 1 of the M42 in Worcestershire.
REI has paid £4m for Topaz Business Park which comprises ten modern units totalling 44,700 sq ft.
The investment produces a current rental income of £286,812 a year and is multi-let to seven tenants including QS Finance, Prestige, M V Kelly, Handelsbanken, Fuelsoft, Toshiba and Instinctive Technologies.
Paul Bassi, chief executive off... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...