Avon calling for AFH Financial Group
BIRMINGHAM property group Real Estate Investors has announced a letting at Avon House in Bromsgrove to fellow plc AFH Financial Group.
The letting, of 14,446 sq ft, is for a term of 11 years, with a tenant break in September 2018, at a commencing rent of £173,352 pa and rising to £202,244 pa at the first review. Avon House is now fully let.
AFH Financial Group is a wealth management company quoted on the PLUS Market.
REI – whose chief executive is well-known entreprenuer Paul Bassi – has also announced that, following discussions with planning consultants, it will be submitting a planning application for a 40,000-50,000 sq ft food store in Southgate, Derby.
It also says it is in “advanced discussions” to acquire a number of properties that meet its asset management, capital growth potential and yield profile.
