Acquisition

10 March 2008
                            Real Estate Investors plc
                            ("REI" or the "Company")

                        Walsall Town Centre Acquisition

Real  Estate Investors plc (AIM: RLE), the West Midlands based property company,
is  pleased  to  announce  that on 7 March 2008 it  unconditionally  exchanged
contracts  to acquire 1-27 Bridge Street, Walsall for the sum of £2.4million  in
cash.

The  property comprises an unbroken parade of 12 retail units with a mixture  of
retail  A1,  financial and professional services A2 and bar A4  occupiers.   The
total  passing  rent  is  £200,150  per annum  providing  the  Company  with  an
approximate  8%  yield.  The tenants include Swinton Insurance,  Subway,  Jaymen
Estate Agents and a number of other established retailers.  The parade is in the
heart of the town centre which is presently subject to substantial regeneration.

Paul Bassi, Chief Executive, commented:

"This acquisition is consistent with our strategy of acquiring assets within the
West  Midlands,  to  which we believe we can add value.  This  purchase  further
confirms  the market opportunity to acquire assets producing higher  yield  than
had been experienced in the last few years.  We are also in advanced discussions
on  a  number  of  other  investment properties at attractive  yields,  offering
considerable asset management and capital enhancing opportunities."


Enquiries:
Real Estate Investors plc                                    [phone]
Paul Bassi

Smith & Williamson Corporate Finance Limited                 [phone]
Azhic Basirov / Siobhan Sergeant

Notes to Editors

1. REI  is  an  AIM  listed  property  investment  and  development  company
   specialising in commercial property throughout the Midlands and Central England
2. REI  is  focused on delivering shareholder value through returns generated
   from  strong  yields and capital enhancements. This is achieved by  targeting
   investments in orphaned, distressed, part-let and underperforming  commercial
   property assets
3. REI's Board is led by respected property-entrepreneur Paul Bassi, who has
   over 23 years of property experience. Mr Bassi is also founder and chairman of
   Bond Wolfe Auctioneers, one of the UK's largest (top 50) property auction houses
   and estate agents, and chairman of Bigwood Chartered Surveyors
4. REI  was  admitted to trading on AIM in June 2004.  In December 2006,  REI
   successfully raised £25 million to aggressively grow its property portfolio, at
   that time, estimated to be worth approximately £28 million.  Paul Bassi is the
   largest shareholder in the Company
5. Further information on REI can be found at www. reiplc.com