Birmingham’s REI eyes 2027 capital return as debt clearance continues

Birmingham-based property investment trust Real Estate Investors (REI) has said it expects to begin returning capital to shareholders in 2027, as it continues to pay down debt through an ongoing programme of asset sales.

Deals completed, exchanged, under offer or in legals so far this year total £16.9m. REI fully repaid its facility with Barclays in June, and has repaid £5.1m year to date, reducing total borrowings from £34.2m at the start of the year to £29.1m. That figure is expected to fall furthe... 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...