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REI PLC INVESTOR - NEWS
12th December 2011
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Revolving Credit Facility and Trading Update
Real Estate Investors PLC (AIM: RLE), the West Midlands based property group, confirms that it has agreed a £20 million Revolving Credit Facility ("RCF") with Lloyds Banking Group for a term expiring in October 2014. All other conditions remain similar to those of the previous facility.>> View More
28th November 2011
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Peter Lewin
It is with deep regret that the Board of Real Estate Investors reports the death of Peter Lewin, founder and former Chairman of the Company, who passed away peacefully on Friday 25th November 2011.>> View More
5th October 2011
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Director’s Dealing
Real Estate Investors plc (AIM: RLE), the West Midlands based property group, announces that, on 3 October 2011, John Crabtree, Non-executive Chairman of the Company, acquired 38,000 ordinary shares of 10p each in the Company (“Ordinary Shares”) at a price of 52.25p per share.>> View More
29th September 2011
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Half Year Results for the six months to 30 June 2011
Real Estate Investors PLC (AIM:RLE) the West Midlands based property group, today announces its half year results for the six month period ended 30 June 2011.>> View More
13th September 2011
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£13 million of acquisitions - Rent Roll Up 50% in Nine Months
Real Estate Investors plc (AIM: RLE), the West Midlands based property group, announces that it has exchanged contracts to acquire three properties in the Midlands for a total of £13.05 million, in cash. The properties produce a total current rent of £1.55 million, representing an initial yield of 11.84%. These acquisitions increase the Company’s total annualised rent roll to £6.11 million, a 50% increase since 1 January 2011.>> View More
13th July 2011
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12% uplift in contracted Rents
Real Estate Investors plc (AIM: RLE), the West Midlands based property group, announces that over the six months ended 30 June 2011, contracted rents have increased 12% to £4.547 million per annum (31 December 2010: £4.062million per annum). Current Estimated Rental Value is approximately £5.753 million per annum.>> View More
28th June 2011
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Placing to raise up to £15 million
Real Estate Investors plc announces that it proposes to raise gross proceeds of up to £15 million (approximately £14.7 million net of expenses) through the issue of up to 272,727,277 New Ordinary Shares by way of a Placing at a price of 5.5p per New Ordinary Share. The Placing is being carried out to allow REI to capitalise on opportunities to acquire prime and quality secondary properties in the West Midlands in a capital starved market.>> View More
9th May 2011
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Acquisition of Development Property
Real Estate Investors plc (AIM:RLE), the West Midlands based property group, announces that, on Friday, 5 May 2011, it completed the acquisition of 32.1 acres of land in Tredegar for £1 million, in cash.>> View More
4th April 2011
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Preliminary Announcement For the Year Ended 31 December 2010
Real Estate Investors PLC (AIM: RLE) the West Midlands based property group, today announces its preliminary results for the year ended 31 December 2010.>> View More
12th January 2011
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Detailed Planning Consent Obtained
Real Estate Investors plc (AIM:RLE), the West Midlands based property group, announces that, yesterday, it received detailed planning consent for eight three bedroom semi detached homes at their recently acquired former public house, Hill Tavern, Dudley, West Midlands.>> View More
15th September 2010
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Interim Results for six months ended 30 June 2010
Real Estate Investors PLC (AIM: RLE), the AIM listed property group, announces its unaudited results for the six months ended 30 June 2010.>> View More
2nd August 2010
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REI Sell Historic Portfolio
Real Estate Investors Plc, the West Midlands based property group have unconditionally exchanged contracts to sell 87 Bank Street, Maidstone Kent from their historic portfolio for the sum of £725,000.>> View More
21st July 2010
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Investment Update
The Company is pleased to confirm that, on the 19 July 2010, it unconditionally exchanged contracts to acquire the property at 75-77 Colmore Row, Birmingham for £4.5 million in cash. The property comprises a prime listed office building in the heart of the city centre, comprising 18,676 sq ft over 5 floors, and is fully let to PricewaterhouseCoopers LLP until 24 December 2013, producing annual rental income of approximately £400,000.>> View More
30th June 2010
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Director Dealing
Real Estate Investors (AIM:RLE), the West Midlands based property group, announces that, following his appointment, yesterday, John Crabtree acquired 500,000 ordinary shares of 1p each in the Company, at a price of 6.5p per share. This represents 0.1 per cent. of the issued share capital of REI and is his total holding in the Company>> View More
29th June 2010
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John Crabtree and William Wyatt join the REI PLC. Board
Paul Bassi - Chief Executive said "We are delighted that John and William have joined the REI board. They both have outstanding track records, and I am sure their contribution will assist in establishing REI as one of the leading property investment companies in the West Midlands.">> View More
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