Property portfolio
Data correct as at 30 June 2024
Diversity is key
REI operates a robust and scalable platform, delivering attractive returns via its diversified portfolio of regional commercial assets.
The portfolio consists of 39 assets with 167 tenants and no material reliance on any single sector, asset, or tenant.
(All information correct as at 30 June 2024)
Diverse and Attractive
Portfolio
Income by sector
£10.3 million p.a.
Portfolio
Top 10 Tenants By Income
No Material Exposure
Rank | Tenant | Rent £'000 |
% | Sector | Property |
---|---|---|---|---|---|
1 | DHU Healthcare | 899 | 8.77 | Office | Birchfield House, Oldbury |
2 | Matalan | 450 | 4.39 | Discount Retail | Jasper, Tunstall |
3 | AFH Wealth Management | 396 | 3.86 | Office | Avon House, Bromsgrove |
4 | Gov | 324 | 3.16 | Office | Molineux House, Wolverhampton & Titan House, Telford |
5 | Grafton Group Plc | 317 | 3.09 | Office | Boundary House, Wythall |
6 | Vine Hotels | 300 | 2.93 | Hotel | West Plaza, West Bromwich |
7 | NHS | 286 | 2.79 | Office | Westgate House, Warwick |
8 | The Midcounties Co-operative | 282 | 2.75 | Retail | Kingswinford, Dudley |
9 | Holland & Barrett | 230 | 2.24 | Retail | Gateway House, Birmingham |
10 | Travelodge | 222 | 2.17 | Hotel | Maypole, Birmingham |
3706 | 36.15 |
Our Portfolio
1-27 Bridge Street, Walsall
A Freehold and unbroken parade of 12 refurbished retail units, totalling over 22,000 sq. ft. The parade occupies a prominent position within the popular town centre which is the subject of considerable inward investment and regeneration.
1092-1096 Warwick Road, Acocks Green
Located in a busy shopping parade within an expanding suburb of Birmingham, on the outskirts of prosperous Solihull, the unit is let to Poundstretcher Limited on a 10-year Lease.
150 Birmingham Road, West Bromwich
The property is let to Sandwell Valley School / Sandwell Valley and Community Trust (SCCT) with a lease which expires on 29th September 2041. The building comprises 8,425 sq ft and is occupied as an independent school offering provision to pupils aged 11 to 18.
2 Venture Court, Wolverhampton
Prominently located within Wolverhampton Business Park, 2 Venture Court is a high-quality modern office building set within an attractive landscaped business park. The park being 4 Miles north of Wolverhampton City Centre has excellent road links to the M54, M6 and M6 toll. Offices are occupied by King & Moffat UK Ltd, SGS UK Limited and Newstead Clark Financial Services Ltd.
25-26 Dudley Street, Wolverhampton
A prime retail unit, occupying a corner position in the commercial pedestrianised City centre of Wolverhampton. The property is arranged over basement, ground and first floors and is let in its entirety to River Island Clothing Limited. Other retailers located opposite and nearby include Marks & Spencer, Primark, Boots and Topshop.
9-11 Park Street & 84 & 87 Bradford Street, Walsall
Sitting within a prominent retail parade on the prime pedestrianised retail pitch in Walsall town centre, the buildings are well configured providing a total of 15,488 square feet arranged over ground and two upper floors. Tenants include Luxury Leisure.
30-32, 38-40 The Parade & 57 Warwick Street, Leamington Spa
The property, which includes 5 property units comprising 15,362 square feet of prime space in a prosperous Warwickshire town centre, is a popular shopping destination let to well-known tenants including: Moss Bros, Oxfam, Savers Health and Beauty, Tiger UK (Midlands) Ltd and EE Limited.
40 St Pauls Square, Birmingham
Formerly a buckle maker’s factory, St Pauls Place has undergone a comprehensive conversion to a mixed-use scheme. The modern office is in the heart of the Jewellery Quarter, with accommodation extending to 23,269 sq. ft over two floors. Occupiers include Taylor Maxwell, BHP Design Ltd and Coltham Developments.
53-57 The Parade, Leamington Spa
The property is situated in the centre of Royal Leamington Spa’s prime pitch, on Parade. Three attractive Regency buildings provide retail, ancillary and office accommodation. Approximately 10,228 sq ft (950.2 sq m) NIA, arranged over basement, ground and three upper floors. Tenants include Toni & Guy and Telephonica.
75-77 Colmore Row, Birmingham
This prime Grade II listed office building is situated in the heart of Birmingham’s Central Business District and offers prime City Centre accommodation in a highly prominent location on Colmore Row. The property is an attractive period building, offering 18,676 sq ft of office space over 5 floors. Occupiers include Davisons Solicitors, Watling Real Estate, Naismiths and Propitas.
779 High Street, Kingswinford
The property consists of a purpose-built supermarket totalling 22,535 sq ft over first and ground floor. Prominently located on Kingswinford high street. The premises are fully let to The Midcounties Co-operative Society Ltd. It’s Town Centre Location lends itself to redevelopment when the Lease ends.
Alcester Road South, Kings Heath
A retail unit located in a busy shopping district.
Avon House, Bromsgrove
This high-quality modern office building 25,266 sq. ft. property is set over 4 floors. Within minutes of the Midlands motorway network, and within easy access into Birmingham City Centre and the International Airport, the property is let in its entirety AFH Wealth Management, following a recent Lease Regear the Term runs to January 2035.
Barracks Road
A prominent retail/leisure scheme, situated on Barracks Road (A527) which forms part of the ring road for the town. The property consists of a modern purpose-built unit with car parking provided to the rear and side of the scheme.
Birch House, Oldbury
High quality, grade A offices, situated in a strategic location at the heart of the Greater Birmingham conurbation. Birch and Birchfield House are headquarter-style office premises each with their own on-site parking areas, set in a site of circa 1.7 hectares within attractive soft landscaping.
Birchfield House, Oldbury
High quality, grade A offices, fully let to DHU Healthcare CIC, in a strategic location at the heart of the Greater Birmingham conurbation. Birch and Birchfield House are headquarter-style office premises each with their own on-site parking areas, set in a site of circa 1.7 hectares within attractive soft landscaping.
Boundary House, Wythall
Modern 2 storey office building comprising 21,294 sq ft. Strategic location on the southern side of Birmingham, close to junction 3 of the M42, with access via the A435. Fully let to Grafton Group (UK) PLC
Brandon Court, Coventry
The property comprises of three single storey office buildings providing total office accommodation of 33,566 sq ft and benefitting from 169 car parking spaces. Located approximately 5 miles to the east of Coventry city centre on a prominent business park. Tenants include Microsoft, Bennetts Motorcycling, Minitab and Comex 2000.
Commodore Court, Nuthall Road, Nottingham
A prominent mixed-use development, situated on a busy arterial route in Nottingham. The building incorporates three fully occupied retail units at ground level with 33 apartments on the upper floors, which have been sold off on long leases. Tenants include Community Health and Eyecare and Barnardos.
Gateway House, 50-53 High Street, Birmingham
This strategically located retail and office property is situated in a prominent High Street location in the heart of Birmingham’s central retailing area. The building comprises 27,071 sq. ft. extending over seven floors. Occupiers include Holland & Barrett and Instant Managed Offices Ltd. With HS2 being built a short distance away, it offers a variety of future redevelopment options.
Guardian House, Cronehills Linkway, West Bromwich
This 41,790 sq. ft. property is situated in a prime location near the centre of West Bromwich, close to the business sector, with junction 1 of the M5 approximately 1 mile away. The four-storey building has a large ground floor reception area with commissionaire and access to the car park. Tenants includes SIPS Education, Toshiba TEC and Clark Brookes Turner Cary Solicitors.
Hagley Court, 40 Vicarage Road, Edgbaston, Birmingham
40 Vicarage Road is a prominent, 17,460 sq. ft., three storey, self-contained office building set within a landscaped environment, with excellent on-site parking. Located within the leafy suburb of Edgbaston (considered to be one of Birmingham’s most affluent areas), it has direct access to one of the main arterial routes into the City Centre – the A456 Hagley Road. Tenants include Pertemps, Savvides & Co Ltd and Sevacare.
Jasper Retail Park, Tunstall
Jasper Square, Tunstall comprises three purpose-built retail blocks and two stand-alone pod units positioned around surface level parking. The retail space extends to around 6,702 sq m, at ground floor with mezzanine space in two of the non-food units. Tenants include Matalan Retail Ltd, Argos Ltd, Shoezone Ltd, Poundland, McDonalds and Chinese Buffet Fever.
Kingston House, West Bromwich
Kingston House incorporates well-appointed office accommodation over 6 floors, with two passenger lifts servicing each floor. A substantial 42,682 sq. ft. property, the building occupies a prominent location on the main High Street in West Bromwich and affords excellent access to local transport networks, including the Bus Station, the Metro, and the M5 Motorway (with junction 1 less than 2 miles away).
Lunn Poly House Parade, Leamington Spa
The properties occupy prominent positions on the Parade in Leamington Spa, an attractive and historic spa town in Warwickshire. Within a row of 8 ground floor units with a total retail space of 12,571 sq ft, occupiers include Space Healthcare Ltd.
Market Shopping Centre, Crewe
The Market Centre comprises 25 retail units with principally ground floor retail sales accommodation and first floor ancillary, totalling 154,130 sq ft (14,319 sq m). Located within the core prime retail area of Crewe town centre, it has the benefit of paid car parking. Occupiers include Bank of Scotland, Superdrug, Pepkor UK Retail Limited Poundstretcher, B&M, Iceland, Peacocks, Select Fashions Ltd and McDonalds.
Maypole, Alcester Road South
Prominent location on to the A435, a major arterial route running from the south into Birmingham city centre. Developed in 2007 the property comprises a 60-bed hotel together with six separately let ground floor shop units. The property is let to covenants including Travelodge, Poundstretcher, Ladbrokes and Subway.
Molineux House, Temple Street, Wolverhampton
A well-located office building in the heart of the city centre, comprising 31,935 square feet of office accommodation, arranged over four floors, together with 44 on site car parking spaces. The property is let to The Secretary of State Department for Communities and Local Government on a full repairing and insuring lease.
59-60 Park Street, Walsall
A two-storey retail property located in a prime position along Walsall town centre’s pedestrianised shopping area. The property comprises 4 units and a department store. Occupiers include Waterstones.
Peat House, 1 Waterloo Way, Leicester
A prominent 43,437 sq. ft. office building located in the city’s central office core and directly opposite Leicester railway station. Extending over 4 floors, the property is partially occupied by Charles Alexander Distribution, ASCL and Bellrock FM.
Pentre Parc, Tredegar
A 32 acre on an elevated site with planning consent for 143 dwellings, subject to planning conditions.
Southgate Retail Park, Derby
A 53,202 sq. ft., eight-unit retail and office property combining a modern retail warehouse scheme and a business innovation centre, with extensive car parking facilities. Occupiers include Ridge View Supported Living Limited and Royal Mencap Society.
The Quadrant, Alcester Street, Redditch
Freehold mixed-use block in an affluent Midlands town in a well located and established A3/A4 pitch. The building comprises 32,500 square feet of retail/leisure/gym/office with 143 space car-park.
Topaz Business Park, Birmingham Road, Bromsgrove
The property is a prominent high quality office business park, located close to Junction 1 of the M42 and comprises c.45,000 square feet of high specification office accommodation with comfort cooling and 174 parking spaces, within low density development. Tenants include M V Kelly, Ladies Fighting Breast Cancer and Toshiba Carrier UK Ltd. A Costa Drive-Thru is in development
Tudor House, Bridge Street, Walsall
The property is situated in a prominent town centre location and comprises a 4 storey, mock Tudor building. Occupiers include Ladbrokes Betting and Gaming Ltd.
Virginia House, Worcester
Situated in the heart of Worcester approximately 3 miles to the west of Junctions 6 and 7 of the M5, Virginia House is a former office building, fully refurbished to provide high specification student accommodation. The accommodation is arranged over ground, and three upper floors and extends to approx. 15,332 sq. ft. The entire building is let on long leasehold to Virginia House Ltd.
West Plaza, West Bromwich
A ten storey multi occupied building of 95,402 sq ft close to Junction 1 of the M5 motorway. The majority is occupied as a hotel, incorporating 85 bedrooms, with ancillary conference facilities with parking. The remaining space is being utilised as offices.
Westgate House, Warwick
Prominent mixed retail and office property in a prime town centre location in the historic town of Warwick. The property is immediately adjacent to the town’s bus terminal and Westgate car park and is within walking distance of the heart of the town. Providing 56,608 sq ft of accommodation over 4 floors, the key occupiers include Boots.