Acquisition

25 September 2007
                            Real Estate Investors plc
                            ("REI" or the "Company")

                   Acquisition of Latitude Retail Development

Real  Estate Investors plc (AIM: RLE), the West Midlands based property company,
announces that on 21 September 2007, it unconditionally exchanged contracts with
Taylor  Wimpey plc for the acquisition of an `off plan', unbroken retail  parade
in Brimingham for a total cash consideration of £2.25 million.

The  development will be located in the heart of the city's Chinese quarter  and
near  to the Birmingham Hippodrome.  The parade has `open planning consent'  and
will  sit below 198 new apartments.  It is anticipated that the development will
take approximately two years to complete.

The  Company  has  paid a deposit of £225,000 on exchange and the  balance  will
become payable on completion of the development.

Once the development is fully let and based on current market rates, the Company
anticipates a yield of approximately 10 per cent.

Commenting on the acquisition, Paul Bassi, Chief Executive, said, "The  off-plan
acquisition  of  the Latitude retail development presents a further  opportunity
for  the  Company  to  create value from an investment,  leveraging  our  market
presence to fill the units, in line with our investment strategy.  The potential
yield,  at  current market rates, is attractive and this may improve further  by
the time the development is completed."



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