27th Jan 2016 10:18
LONDON (Alliance News) - Birmingham-based property investor Real Estate Investors PLC on Wednesday said it has secured a new letting at the Peat House property in Leicester and said its contract rent roll increased significantly in 2015.
The company also said it has signed a GBP30.0 million, five-year term loan with Royal Bank of Scotland on an interest-only basis at a margin of 1.75% over Libor.
Real Estate Investors said it has signed a lease agreement with Bellrock FM, a locally-based facilities management company, for 21,715 square feet at GBP282,295 per year.
For 2015, the group's contracted rental income has increased GBP11.9 million, from GBP7.7 million at the end of 2014.
Shares in the company were untraded on Wednesday, having last traded at 69.70 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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