Real Estate Investors buoyant despite taking hit from Challinors collapse

BIRMINGHAM property company Real Estate Investors (REI) has reported a “real improvement in confidence and occupier activity”.

The firm, run by West Midlands entrepreneur Paul Bassi, saw its pre-tax profit for the half year to June 30 increase to £769,000 from £556,000 in 2012.

Rental income was down slightly at £2.60m (H1 2012: £2.67m) while investment property assets were also marginally off at £70m (Hi 2012: £70.4m).

Some 13,848 sq ft of new lettings and 6,577 sq ft of lease renewals were comp... For the full story register now for free or login below...