Property group invests sale of Birmingham offices in new acquisitions
Real Estate Investors has moved quickly to take advantage of growing confidence in the Birmingham investment market.
The AIM-listed firm has sold a part-vacant investment property at 102-106 Colmore Row and 6 Bennetts Hill and bought two Midlands commercial estates.
The Birmingham city centre property has been sold to Cervidae Consultancy for £7.2m, reflecting a current net initial yield of 4.36% at a premium to REI’s December 2016 year-end valuation.
The first purchase – a mixed use development at Alcester Road South, M... 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...
