City Fibre deal means REI’s Brandon Court is fully let
Real Estate Investors plc (REI) has let the final suite at Brandon Court, the 33,689 sq ft development of three office buildings on the Bindley Industrial Estate near Coventry.
City Fibre has taken (4,047 sq ft) of space recently refurbished to Grade A specification, on a five-year term.
The latest deal comes on the back of successful letting of Block D earlier in the year.
Ian Clark, Director of Asset Management at REI, said: “That space had been occupied by Yazaki Europe Ltd. As part of their global restructuring a deal was struck to allow them to surrender the space for a premium.
“Part of that was employed in splitting the space into two units and refurbishing it to a Grade A specification. After a short marketing campaign by Drake Howard, both suites were let.”
Comex 2000 (UK) Ltd took 3,585 sq ft on a six year term, and Bennetts Motorcycling Services Ltd took 8,415 sq ft on a six year term. Both lettings and the associated project works and refurbishment were undertaken and overseen by Drake Howard.
City Fibre has now taken the final suite at Brandon Court on a five year term. As part of the upgrading to Grade A specification, electric vehicle charging points were also installed.
Donna Barnes at Shakespeare Martineau acted for REI.
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For further information, please contact:
Ian Clark, Director of Asset Management, Real Estate Investors plc, 2nd Floor, 75/77 Colmore Row, Birmingham B3 2AP
0121 212 3446
Prepared and issued by Andy Skinner at ASAP – mobile, 07990 978257
About Real Estate Investors Plc
Real Estate Investors Plc (REI Plc) is a publicly quoted, internally managed property investment company and REIT with a portfolio of 1.5 million sq ft of commercial property, managed by a highly-experienced property team with over 100 years of combined experience of operating in the Midlands property market across all sectors.
The Company’s strategy is to invest in well located, real estate assets in the established and proven markets of central Birmingham and the Midlands, with income and capital growth potential, realisable through active portfolio management, refurbishment, change of use and lettings. The portfolio has no material reliance on a single asset or occupier.