Real Estate Investors sells off $9.5m of portfolio

29th Jun 2015 07:11

AIM-listed Real Estate Investors announced it sold off three properties to the value of almost $10m.The Birmingham based trust said it sold 85/89 Colmore Row in Birmingham for £7.850m; 770-772 Bristol Road in Northfield for £1.425m; and 150 Birmingham Road in West Bromwich £250,000.REI chief executive Paul Bassi said the firm made the sales at values significantly above cost and book value."Our acquisition pipeline remains positive and we are experiencing increased occupier demand across our portfolio," Bassi said in a statement.Shares in REI closed at 64.00p on Friday.

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