2 July 2008
Real Estate Investors plc
("REI" or the "Company")
New Leases
Real Estate Investors plc (AIM: RLE), the West Midlands based property company,
is pleased to announce that, in the past week, it has concluded further lettings
within its commercial portfolio, which amount to an additional aggregate rental
income of over £300,000 per annum.
Occupancy demand continues to be strong and the Company has benefitted from its
association with Bond Wolfe and Bigwood Chartered Surveyors. The Company
expects to announce further significant lettings later this month. These
lettings directly contribute to the Company's net profits and significantly
enhance capital valuations.
REI is in active discussions regarding further property acquisitions on
favourable terms which reflect the current market conditions as well as
capitalise upon the Company's cash and bank resources which enable it to
conclude transactions rapidly.
Enquiries:
Real Estate Investors plc +44 (0)121 524 1174
Paul Bassi
Smith & Williamson Corporate Finance Limited +44 (0)20 7131 4000
Azhic Basirov / Siobhan Sergeant
Notes to Editors
1. REI is an AIM listed property investment and development company
specialising in commercial property throughout the 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
property assets
3. REI's Board is led by respected property-entrepreneur Paul Bassi, who has
over 23 years of property experience. Mr Bassi is also founder and chairman of
Bond Wolfe Auctioneers, one of the UK's largest (top 50) property auction houses
and estate agents, and chairman of Bigwood Chartered Surveyors
4. REI was admitted to trading on AIM in June 2004. In December 2006, REI
successfully raised £25 million to aggressively grow its property portfolio, at
that time, estimated to be worth approximately £28 million. Paul Bassi is the
largest shareholder in the Company
5. Further information on REI can be found at www. reiplc.com