Pandemic fails to spoil property investor’s appetite
Wakefield-based Real Estate Investments Group (REIG) has acquired over £10m worth of commercial properties within 12 months, with a further two deals currently in the final stages of completion.
Yorkshire law firm Keebles LLP has now advised REIG on its acquisition of a Tesco Express store in Oldham, one of a number of high-value deals the Group has completed during the pandemic.
REIG, which is head by managing director Harpreet Banwait, is a buyer of commercial real estate investments and owns property across sectors including industrial, retail, leisure, and food retail.
Harpreet Banwait
The Group is a long-term investor which purchases income generating real estate in sustainable sectors with predictable upwards rental growth.
Led by Keebles’ Partner Craig Law, the firm’s commercial property team acted as legal advisors to REIG and provided the correct expertise involved to complete the recent investment in the Tesco Express.
Law said: “We were delighted to advise Harpreet to facilitate the Tesco Express acquisition. Harpreet is a fantastic businessman, a key player within commercial real estate and is really driven and enthusiastic to get deals done quickly and efficiently.
“I think the rate at which Harpreet is completing these deals in such quick succession, especially during the Covid-19 pandemic, shows his commitment to meeting REIG’s ambitious targets and investment returns.
Craig Law
“It is great to work with someone who is so motivated and who demonstrates the willingness to get things done.”
Banwait added: “Craig has been very responsive, ensured the process went through smoothly and that all agreed timescales were met.
“We’ve had a very successful year and we look forward to working with Keebles in the very near future to help us reach our target of exceeding £100m in assets under management as quickly as possible.
“REIG has committed to donating a percentage of its profit to support local and international charities through it’s Making an Impact Pledge.”
