1、Annual report and Accounts 2017THE MIDLANDSINVESTORAnnual Report and Accounts 2017 REAL ESTATE INVESTORS PLCStrategic reportOur Region 2At a Glance 6Investment Proposition 8Chairmans and Chief Executives Report 10Our Business Model and Strategy 12Our Portfolio 14Property Report 20Finance Directors R
2、eport 24Directors Report 26Group Strategic Report 27(“REI Plc”)is a publicly-quoted property investment company,operating as a Real Estate Investment Trust.With a geographical focus on Birmingham and the wider Midlands,our mixed portfolio is diversified by property type and occupier and valued at+20
3、0MGovernanceBoard of Directors&Management 28Corporate Governance Report 30Directors Remuneration Report 31Financial statementsIndependent Auditors Report to The Members of Real Estate Investors Plc 33Consolidated Statement of Comprehensive Income 37Consolidated Statement of Changes in Equity 38Compa
4、ny Statement of Changes in Equity 38Consolidated Statement of Financial Position 39Company Statement of Financial Position 40Consolidated Statement of Cash Flows 41Company Statement of Cash Flows 42Notes to the Financial Statements 43Our Advisers 61Image courtesy of Birmingham City CouncilREBIRTH OF
5、 A REGIONTransformational infrastructure projects,high-profile events and large employers relocating employees from London are giving Birmingham and the West Midlands a renewed sense of confidence and optimism.Coventry2021 City of Culture HSBCwill transfer 1,000 jobs from London to Birmingham Arena
6、CentralHS2 reduces the journey times to around 49 minutes between Birmingham and London500Minvestment plan by Midland car maker Aston Martin,to increase trade with Japan Image courtesy of Birmingham City CouncilSTRATEGIC REPORTGOVERNANCEFINANCIAL STATEMENTS1REAL ESTATE INVESTORS PLC Annual Report an