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Bassi's Real Estate Investors back in profit

1st March 2010

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Real Estate Investors chief executive Paul Bassi

Real Estate Investors chief executive Paul Bassi

REAL Estate Investors, the commercial property company run by Birmingham and Black Country entrepreneur Paul Bassi, has seen a spectacular reverse in its fortunes – converting a £15.7m loss into a pre-tax profit of £4.3m.The performance was revealed as the company announced its preliminary results for 2009.Real Estate Investors (RLE) said its property assets had increased £6.3m on 2008 to £54.8m, despite the squeeze on property prices instigated by the onset of recession.Mr Bassi revealed last week tha......for the full story register now for free or login below...


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