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Real Estate Investors buoyant despite taking hit from Challinors collapse

Paul Bassi
Paul Bassi
Andy Coyne
Andy Coyne
Editor, West Midlands

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).

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