SpaceX IPO is the biggest IPO in stock market history. Join the conversation.Click here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksREI Regulatory News (RLE)

Share Price Information for REI (RLE)

Share Price is delayed by 15 minutes
Get Live Data
31.50    0.00 (0.00%)
Bid:
31.00
Ask:
32.00
Spread: 1.00 (3.226%)
Market Cap: £55.08m
RLE Live PriceLast checked at - London Stock Exchange

Intraday REI Share Chart

Acquisition

21 Jun 2012 09:51

RNS Number : 8542F
Real Estate Investors PLC
21 June 2012
 



21 June 2012

 

Real Estate Investors plc

("REI" or the "Company")

 

REI acquires part-vacant property in West Bromwich

 

Real Estate Investors Plc (AIM:RLE), the West Midlands property investment company, has unconditionally exchanged contracts to acquire a part-vacant property at 294-310 High Street, West Bromwich (a former Allied Carpets retail block, with upper part offices) for £475,000 in cash.

 

The property has an Estimated Rental Value (ERV) of £150,000 p.a., and presently produces £39,000 p.a. The vendor paid £1.6million on 28th May 2006.

 

 

For further information:

 

Real Estate Investors

Paul Bassi

 

+44 (0)121 265 6400

 

Smith & Williamson Corporate Finance Limited

Azhic Basirov / Siobhan Sergeant

 

 

+44 (0)20 7131 4000

Liberum Capital

Chris Bowman / Richard Bootle

 

+44 (0)20 3100 2000

 

 

Notes to Editors

 

1. REI is an AIM listed property investment company specialising in commercial and residential property principally in the West Midlands and central England.

 

2. REI is focused on delivering shareholder value through returns generated from strong yields and capital enhancements. This is achieved by targeting investments in orphaned, distressed, part-let and underperforming commercial and residential property assets.

 

3. REI is led by respected property investor Paul Bassi CBE, who has over 25 years of property experience in the West Midlands. Mr Bassi is also founder and chairman of Bond Wolfe and chairman of CP Bigwood Chartered Surveyors.

 

4. REI was admitted to trading on AIM in June 2004. As at 30 June 2011 its portfolio and inventories were valued at £60 million.

 

5. Further information on REI can be found at www.reiplc.com.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ACQUASWRUKANURR
Date   Source Headline
9th Jan 20153:10 pmRNSHolding(s) in Company
5th Jan 201510:10 amRNSHolding(s) in Company
23rd Dec 201411:21 amRNSResult of General Meeting
16th Dec 20142:35 pmRNSHolding(s) in Company
8th Dec 20143:14 pmRNSHolding(s) in Company
4th Dec 20143:16 pmRNSNotice of General Meeting for REIT Conversion
2nd Dec 20141:55 pmRNSHolding(s) in Company
1st Dec 20147:00 amRNSTrading Update
13th Oct 201411:14 amRNSHolding(s) in Company
10th Oct 20142:59 pmRNSHolding(s) in Company
6th Oct 20147:00 amRNSAcquisition
1st Oct 20141:32 pmRNSHolding(s) in Company
1st Oct 20147:00 amRNSAppointment of Non-executive Director
30th Sep 20143:19 pmRNSHolding(s) in Company
17th Sep 20147:00 amRNSHalf Year Results
10th Sep 20147:00 amRNSNotice of Results
28th Jul 20147:00 amRNSAcquisition
18th Jul 20149:59 amRNSHolding(s) in Company
7th Jul 20142:48 pmRNSHolding(s) in Company
4th Jul 20147:00 amRNSProperty Sale
4th Jul 20147:00 amRNSTrading Update
20th Jun 201411:21 amRNSResult of AGM
28th May 201410:13 amRNSPublication of Annual Report
21st May 20147:00 amRNSAcquisitions and New Lettings
16th Apr 20145:36 pmRNSHolding(s) in Company
16th Apr 20145:35 pmRNSHolding(s) in Company
16th Apr 20145:33 pmRNSHolding(s) in Company
15th Apr 20142:34 pmRNSHolding(s) in Company
14th Apr 20142:25 pmRNSHolding(s) in Company
14th Apr 20147:00 amRNSProperty Acquisition
11th Apr 20142:59 pmRNSResult of EGM
26th Mar 20147:00 amRNSPlacing for Cash and Notice of GM
17th Mar 20147:00 amRNSFinal Results
15th Jan 20147:00 amRNSTrading Update
10th Dec 20131:10 pmRNSHolding(s) in Company
6th Dec 20137:00 amRNSProperty Disposal
20th Nov 201311:48 amRNSProperty Acquisition
13th Nov 20132:07 pmRNSHolding(s) in Company
11th Nov 20133:42 pmRNSTrading Update
11th Nov 20132:26 pmRNSHolding(s) in Company
11th Nov 20132:00 pmBUSHolding(s) in Company
25th Oct 20132:17 pmBUSHolding(s) in Company
21st Oct 20132:46 pmRNSHolding(s) in Company
16th Sep 20137:00 amRNSHalf Yearly Report
18th Jul 20137:00 amRNSTrading Statement
11th Jun 20132:56 pmRNSResult of AGM
28th Mar 20137:00 amRNSFinal Results
20th Feb 201310:26 amRNSHolding(s) in Company
14th Jan 20137:00 amRNSReview of 2012
12th Nov 20127:00 amRNSAcquisition

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.