Facebook - Birmingham Business Twitter - Birmingham Business Instagram - Birmingham Business
https://www.ethex.org.uk/art2020 https://www.pure-telecom.co.uk

Bumper number of deals for property experts

Birmingham-based niche property consultancy MK2 Real Estate has acquired Hastingwood Industrial Park in Erdington, Birmingham, for £14.75 million.

MK2 bought the 380,000 sq ft multi-let industrial estate on behalf of Barwood Capital’s 2017 Regional Property Fund, for its multi-let industrial programme with Caisson Investment Management.

Hastingwood Industrial Park is located on a 12.28-acre site on Wood Lane, in a prime distribution location close to Birmingham city centre. It is home to more than 130 small to medium sized businesses, with units and offices ranging in size from 290 sq ft to 45,000 sq ft.

MK2’s property management team has been instructed to manage the estate.

Mark Bowden, property partner at Caisson, said: “MK2’s valued input assisted in getting this complex transaction completed and we look forward to them working closely with us on this property going forward. Hastingwood is typical of the multi-let industrial estates Caisson specialises in and we shall be applying our very specific asset management approach to the property in order to unlock the significant value we see in the asset.”

The acquisition caps a successful few months for MK2’s investment team, which completed nine deals with a total value of £69.5 million. These include the £12.5 million sale of Phoenix House, a 72,000 sq ft office in Milton Keynes; the £28 million acquisition of a new build manufacturing and warehouse facility in Telford; the acquisition of 12 Calthorpe Road, a 95,000 sq ft office building formerly occupied by HSBC; and the £2.7 million sale of Mill Wharf in Birmingham.

The team has also been instructed to sell Crystal 24, a 130,000 sq ft distribution warehouse on Sandwell Business Park, Oldbury, for £7.8 million; an 87-bed Travelodge in Loughborough for £7.6 million; and Telford Plaza, a 162,000 sq ft landmark office building, for £20.7 million.

Mark Johnson, investment director and co-founder of MK2 Real Estate, said: “Despite the on-going political and economic uncertainty, we have remained extremely active, completing a bumper number of deals in the space of a couple of months, which demonstrates there is still appetite from investors for property across all asset classes, especially offices and industrial.”

https://www.iscoydpark.com

Warehouse with offices on the market

Site is just off the M5 at Oldbury

10th September 2020

Business park plans submitted

Proposed project would create mix of commercial units

12th March 2021

Construction contractor delivers warehouse

Multi-million pound contract is completed

6th November 2020

Firm sees roaring start to new year

Property experts announce new lettings and renewals

24th January 2020

Property consultancy bolsters team

Finance specialist joins Sutton Coldfield company

1st March 2021

Number of new developments drops

Brexit and tougher economic conditions lead to fewer projects in city centre

4th February 2020

Apprentice property assistant appointed

Estate management experts welcome new face to the team

28th November 2019

Birmingham business centre on the market

Siddall Jones instructed to sell park with 67 units

16th February 2021

Senior associate joins property team

Law firm appoints commercial property expert

28th July 2020

New property manager appointed

Expert will handle larger complex developments

14th April 2020

New city centre offices for growing firm

Residential estate management company needed more space

21st October 2020

Property specialists bring in commercial director

New face has extensive experience in commercial and residential real estate

24th June 2021

Victorian building apartments contract assigned

Principle Estate Management will take care of property

27th January 2021

Estate manager returns to familiar building

Former umbrella factory will be run by expert who knows it well

18th November 2020

Wholesaler secures funding boost

Cash will help with cashflow and create three new jobs

20th October 2020