The company has focused on selling off individual properties within its portfolio, in particular those offering an uplift on previous book values.
REI has a total gross portfolio of £169.2 million with £8 million in cash at the bank. Loan to value is now down to 35.9% net of cash. Chief executive Paul Bassi said: “Despite a challenging property market, REI has sold £10.4 million of property in the year to date. Mr Bassi added: “Throughout 2023, investment and sales activity has been at its lowest level since the 2008 financial crisis, with corporate and institutional investors remaining dormant.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो: