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REI sells Midlands trio

85-89-Colmore-Row-Brum-THUMBBirmingham-based investment group Real Estate Investors has sold three West Midlands properties for £9.5m.

The sales include landmark Birmingham city centre address 85-89 Colmore Row (pictured), which the AIM-listed company has sold to Fidelity for £7.85m after originally acquiring it from administrators at PwC for £4m in December 2012.

Tenants include Chubb Insurance, Malcolm Hollis LLP, FleetMilne (Birmingham), the Royal College of Surgeons and Reuben Colley Fine Art.

REI has also sold 770-772 Bristol Road, Northfield, for £1.4m and 150 Birmingham Road, West Bromwich, for £250,000.

Knight Frank advised REI and FSP acted for Fidelity.

chris.berkin@estatesgazette.com

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