IM Properties relocates to Group headquarters

IM Properties has relocated to join the wider IM Group team at IM House in Coleshill, North Warwickshire.

The 16 person IM Properties team, previously based in nearby Warwick, is now working alongside 150 IM Group colleagues at IM House. The purpose built state-of-the-art property houses the core of IM Group’s global operations. Situated in 200 acres of picturesque parkland, the hub of the company’s IT, Accounting and Business Development activities are based at IM House, together with the International Motors business.

Bringing the entire IM Group together under one roof offers countless benefits to IM Properties as managing director, Tim Wooldridge explains: “Moving to IM House has not only provided the IM Properties team with a fantastic open plan working environment but has also enabled us to benefit from the integration of services provided across the Group. Having Group directors, management and executives all within the same building is hugely advantageous to all of our business streams and the new location provides IM Properties with the space required to accommodate our growth plans.”

IM Properties’ has continued to strengthen as a business in 2011, most notably securing a total of £150 million of senior debt funding in July. With a strong focus on acquiring prime real estate and high quality properties, the company is implementing a strategy of increasing weighting in quality distribution investments and development opportunities in the UK, growing its residential development arm and expanding its presence in the US through retail development funding.

“We are a driven and ambitious property company with the cash to invest now in quality property,” added Tim Wooldridge. “Alongside working hard to rebalance our portfolio we are also keen to explore new sectors going forward that offer opportunities for capital growth to compliment the strong income returns generated by our commercial portfolio. We want to deliver a strategy that will be of benefit to the business for the long term and are therefore placing an increased emphasis on the development aspect of the business. The future is hugely exciting for IM Properties, we have been investing heavily in North Warwickshire for years at our sites at Birch Coppice and Coleshill Manor, it feels right to take the next step and actually base ourselves in the region and at the same time share our successes with colleagues from across the Group.”

Established in 1987, IM Properties Plc is one of the UK’s largest privately owned property groups with close to £1bn of property owned and under management within the UK, France, Germany and USA, the company’s land bank is in excess of 300 acres.

IM Properties is well known for its consistent deliverability and performance. This deliverability is reinforced by the fact that all investments and developments are financed from existing cash resources.