Real Estate Investors rounds off 2020 with series of deals

by Jonathan Adams
Real Estate Investors

Donna Barnes of law firm SHMA acted for REI on three leases

A Birmingham-based property investment business rounded off 2020 with a series of deals, it has been announced.

Real Estate Investors, which is listed on AIM, announced that in Redditch, Eat the World took Unit 4 in The Quadrant, the 4,333 sq ft former La Piccola Italian restaurant, which was on a 20-year lease from December 2020.

Ben Truslove, joint managing director of John Truslove, advised REI.

Also in The Quadrant, a long-term tenant, the hairdressing salon Ice Maidens, committed to a new ten-year lease.

Domino’s Pizza is set to take a lease which will commit it to The Quadrant until 2034.

Donna Barnes of law firm SHMA acted for REI on all three leases.

Other deals saw Leaping Man Learning agree a five-year lease at York House from December 2020 for the entirety of the first and part of the second floor in the Colmore Business District in Birmingham.

Charlotte Fullard at agents Vail Williams advised Ian Clark, asset manager at REI, with Donna Barnes at SHMA acting for REI.

In Leamington Spa, Bladeroom Group has agreed a ten-year lease to occupy the first, second and third floors of 53-57 The Parade, totalling approximately 2,033 of office accommodation.

Hairdressing salon Toni & Guy also signed a reversionary lease from December 2022 at 55 The Parade.

REI asset manager Jack Sears handled both deals in-house with Baldev Kang of law firm Clark Brookes Turner Cary advising on legal matters.

Sears said: In the run up to Christmas 2020, it was encouraging to see these deals gradually crossing the line after what had been a very difficult nine months for everyone in business. We look forward to continuing to develop our relationships with existing and new clients in 2021.

This article is for information purposes only.
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