29th Jun 2015 08:22
LONDON (Alliance News) - Real Estate Investors PLC on Monday said it has sold three properties in the Midlands for GBP9.5 million.
The property investor said the sales includes 85/89 Colmore Row in Birmingham, 770-772 Bristol Road in Northfield, and 150 Birmingham Road in West Bromwich.
"We have completed our asset management on these properties and have made sales at values significantly above our cost and book value, which is in accordance with our strategy. Our acquisition pipeline remains positive and we are experiencing increased occupier demand across our portfolio," said Chief Executive Paul Bassi.
Shares in the company were untraded Monday at 64.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
REI