Property portfolio

Data correct as at 31 December 2023

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 41 assets with 183 tenants and no material reliance on any single sector, asset, or tenant.

(All information correct as at 31 December 2023)

Gross Property Assets
£145.5m
Contracted rental income
£10.9m
Occupancy
83.03%
30.59%
of our retail portfolio is classed as Neighbourhood and Convenience
6.45%
of our rental income is government income
84.98%
of our offices are non-City centre

Diverse and Attractive

Portfolio

Income by sector

£10.9 million p.a.

Portfolio

Top 10 Tenants By Income

No Material Exposure

Rank Tenant Rent
£'000
% Sector Property
1 Matalan 450 4.11 Discount Retail Jasper, Tunstall
2 Gov 420 3.84 Office Molineux House, Wolverhampton & Titan House, Telford
3 AFH Wealth Management 396 3.62 Office Avon House, Bromsgrove
4 Grafton Group Plc 317 2.89 Office Boundary House, Wythall
5 Vine Hotels 300 2.74 Hotel West Plaza, West Bromwich
6 NHS 286 2.61 Office Westgate House, Warwick
7 The Midcounties Co-operative 282 2.57 Retail Kingswinford, Dudley
8 DHU Healthcare 274 2.50 Office Birchfield House, Oldbury
9 Holland & Barrett 230 2.10 Retail Gateway House, Birmingham
10 Travelodge 222 2.03 Hotel Maypole, Birmingham
3177 29.01

Our Portfolio

1-27 Bridge Street, Walsall

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

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

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

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

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.

3-4 & 6-11 Park Street & 84 & 87 Bradford Street, Walsall

3-4 & 6-11 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 19,119 square feet arranged over ground and two upper floors. Tenants include Hays and Luxury Leisure.

30-32, 36-40 The Parade & 47/49 & 55/57 Warwick Street, Leamington Spa

30-32, 36-40 The Parade & 47/49 & 55/57 Warwick Street, Leamington Spa

The property, which includes nine property units comprising 24,489 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, Clydesdale Bank, Savers Health and Beauty, and EE Limited.

40 St Pauls Square, Birmingham

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.

5-6 Market Place, Nuneaton

5-6 Market Place, Nuneaton

A 100% prime retail investment on the pedestrianised section of Market Place, adjacent to Boots and opposite Debenhams. The property comprises 29,051 square feet of well configured and flexible retail accommodation let to Poundland Ltd.

53-57 The Parade, Leamington Spa

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.

62-64 High Street, Bromsgrove

62-64 High Street, Bromsgrove

The property comprises a purpose-built retail parade of 3 shop units on the ground floor with ancillary accommodation over first and second floors to one unit and residential on the two upper floors over the two remaining units. Tenants include Boots Opticians, Smart Ideas and Sixty Degrees with 2 residential flats above.

75-77 Colmore Row, Birmingham

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

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

Alcester Road South, Kings Heath

A retail unit located in a busy shopping district.

Avon House, Bromsgrove

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

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

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

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

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

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

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

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

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, FCL Health Solutions and Clark Brookes Turner Cary Solicitors.

Hagley Court, 40 Vicarage Road, Edgbaston, Birmingham

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 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 and Chinese Buffet Fever.

Kingston House, West Bromwich

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

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 are Sharps Bedrooms and Space Healthcare Ltd.

Market Shopping Centre, Crewe

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, and McDonalds.

Maypole, Alcester Road South

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

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.

Park Street, Walsall

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 Superdrug and Waterstones.

Peat House, 1 Waterloo Way, Leicester

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

Pentre Parc, Tredegar

A 32 acre on an elevated site with planning consent for 143 dwellings, subject to planning conditions.

Southgate Retail Park, Derby

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 The Gym Group and Royal Mencap Society.

The Quadrant, Alcester Street, Redditch

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 39,065 square feet of retail/leisure/gym/office with 143 space car-park.

Topaz Business Park, Birmingham Road, Bromsgrove

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 and Toshiba Carrier UK Ltd. A Costa Drive-Thru is in development

Tudor House, Bridge Street, Walsall

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

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

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

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 NHS Property Services Ltd and Boots.