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... For the full story register now for free or login below...