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September 2013 news archive

IM PROPERTIES NAMED WEST MIDLANDS PROPERTY COMPANY OF THE YEAR

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Warwickshire-based IM Properties, one of the UK’s largest privately-owned property investment and development groups, has been named Estates Gazette’s West Midlands Property Company of the Year.

The award was presented to UK Investment Director, John Hammond at the launch of Estates Gazette’s annual West Midlands Focus.

Held at Birmingham’s Hotel du Vin, the annual event brings together many of the region’s top property professionals to network and meet the Estates Gazette team.

The award was presented to IM Properties following an outstanding year that has included the speculative development of two large-scale industrial and distribution units – the first company to do so in the UK since 2008 – at Birch Coppice Business Park, near Tamworth.

They were also applauded for securing £146 million of new senior debt funding to secure their development pipeline and completing acquisitions of The Hub in Birmingham and Mell Square Shopping Centre in Solihull.

Tim Wooldridge, Managing Director, IM Properties, said: “This has been a very strong year for us, with some significant acquisitions and deals secured both in the UK and overseas in line with our strategy to significantly grow the business via our development pipeline and continued expansion of our commercial investment platform.

“As a West Midlands-based company, any award that recognises the impact that we’ve made in the region has tremendous significance. We are now looking to build on this success both here in the Midlands and at our sites around the UK, Europe and the US.”

IM Properties is the award-winning developer behind North Warwickshire’s Birch Coppice Business Park, one of the region’s biggest employment success stories of recent years, as well as BMW’s new €45 million flagship logistics hub in Munich, Germany.

The company has most recently acquired the Mell Square Shopping Centre in Solihull town center from Aviva. The £44 million acquisition includes 87 retail units, 57 apartments, three office buildings and parking for 252 cars.