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... You can carry on reading 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...