Strong regional economy drives record occupancy for property investor
Birmingham-based Real Estate Investors has revealed record occupancy levels and rental income for its £200m-plus property portfolio, boosted by what its called a “vibrant, strong and expansive regional economy”.
In an end-of-year trading update, the company has reported that occupancy levels stood at 96.01% on 31 December 2018, up 2.2% from the 94% recorded a year previously, while contracted rental income rose to £17.01m, up 5% from £16.2m.
Meanwhile, the number of REI’s tenants grew to 269 by the end of 2018, up 4.... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...