Property investor homes in on strength of residential market
The strength of the region's residential property market has caused Real Estate Investors (REI) to review its £200m-plus portfolio to assess the potential for conversion.
The Midlands-focused property investor believes up to 250,000 sq ft of its portfolio could be converted into residential.
REI has also revealed it has a £30m war chest in place to take advantage of any Brexit-related turbulence. In the months leading up to the EU referendum in 2016 it spent £37m as major property funds stopped investing in the regions.
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