REI makes second purchase in a week

Molineux House, Wolverhampton
Real Estate Investors (REI) has agreed its second major deal in the West Midlands in less than a week. It has bought Molineux House in Wolverhampton for £3.58m just days after spending £4m on Topaz Business Park, Bromsgrove. The Department of Communities and Local Government has recently agreed a new 10-year lease for Molineux House. It is paying an annual rent of £324,000 for the four-storey, 31,935 sq ft property. The AIM-listed real estate investment trust is focused on the Midlands and believes the site has good long-t... For the full story register now for free or login below...