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

Number of new developments drops

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

4th February 2020

Firm sees roaring start to new year

Property experts announce new lettings and renewals

24th January 2020

Deal secured on city centre site

Real estate specialists complete acquisition

19th September 2019

Apprentice property assistant appointed

Estate management experts welcome new face to the team

28th November 2019

More big office deals for city

Birmingham lands two of the largest regional acquisitions

12th November 2019

New investor focuses on SMEs

Inspirit Capital identifies Midlands opportunities

11th December 2019

Property investment company continues to deliver

Birmingham firm sees good profit growth

28th October 2019

New property manager appointed

Expert will handle larger complex developments

14th April 2020

Filtermist secures second acquisition of 2019

Air filtration experts sign up to the deal

12th June 2019

Construction expert appointed by law firm

Lawyer with almost 20 years' experience in the sector joins growing team

16th August 2019

Law firm takes on new senior hires

Trio bolster Lodders' real estate team

28th February 2019

Firm is appointed to consultancy framework

Experts will have the chance to bid for university projects

15th November 2019

Acquisition deal for heritage building experts

Specialist business acquired by global firm

19th March 2020

Agents win contract to maintain apartments

Residents impressed by firm's approach to customer service

20th June 2019

Estate management experts appointed

Businessman signs deal with Birmingham property team

7th November 2019