Business
Further Rental
Further Rental.
About this update from Real Estate Investors Plc
[{"type":"text","content":"\n 26 November 2008\n Real Estate Investors plc\n (\"REI\" or the \"Company\")\n\n Further Letting at Hagley Court\n\nReal Estate Investors plc (AIM: RLE), the West Midlands based property company,\nis pleased to announce that it has let the ground and first floor accommodation\nof Hagley Court, 40 Vicarage Road, Edgbaston and it is now fully let.\n\nThe new lease is to Quoted Care Group, Claimar Care Group Plc, a company which\nprovides care and support in order to enable people of all ages and abilities to\nbe cared for in their own homes. The lease is for 10 years at a rental of\n£109,640 per annum with a five year rent review. The total annual rent\nreceivable for Hagley Court is now £189,756.\n\n\nEnquiries:\nReal Estate Investors plc +44 (0)121 524 1174\nPaul Bassi\n\nSmith & Williamson Corporate Finance Limited +44 (0)20 7131 4000\nAzhic Basirov / Siobhan Sergeant\n\nNotes to Editors\n\n1. REI is an AIM listed property investment and development company\n specialising in commercial property throughout the Midlands and Central England\n2. REI is focused on delivering shareholder value through returns generated\n from strong yields and capital enhancements. This is achieved by targeting\n investments in orphaned, distressed, part-let and underperforming commercial\n property assets\n3. REI's Board is led by respected property-entrepreneur Paul Bassi, who has\n over 23 years of property experience. Mr Bassi is also founder and chairman of\n Bond Wolfe Auctioneers, one of the UK's largest (top 50) property auction houses\n and estate agents, and chairman of Bigwood Chartered Surveyors\n4. REI was admitted to trading on AIM in June 2004. In December 2006, REI\n successfully raised £25 million to aggressively grow its property portfolio, at\n that time, estimated to be worth approximately £28 million. Paul Bassi is the\n largest shareholder in the Company\n5. Further information on REI can be found at www. reiplc.com\n ","length":2091,"tagName":"div"}]