20 February 2013
Real Estate Investors plc
(“REI” or the “Company”)
REI received notification yesterday from Friends Provident International Limited, Isle of Man, that it holds an aggregate interest of 3,469,257 ordinary shares of 10 pence each in the Company which represents 4.86% of the issued share capital of REI.
Enquiries:
|
Real Estate Investors PLC Paul Bassi
|
+44 (0)121 212 3446 |
|
Smith & Williamson Corporate Finance Limited Azhic Basirov / Siobhan Sergeant
|
+44 (0)20 7131 4000 |
|
Liberum 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 non-executive chairman of Bond Wolfe and non-executive chairman of CP Bigwood Chartered Surveyors.
4. REI was admitted to trading on AIM in June 2004. As at 30 June 2012 its portfolio and inventories were valued at £73.5 million.
5. Further information on REI can be found at www.reiplc.barques.dev.
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