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For all press enquiries please contact Janes Bolas on: jane@jbpr.biz or 01384 878822

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Midland-based IM Properties (IMP) has pledged to tackle the challenges facing the real estate industry head-on, after the write-down of its retail assets has reduced pre-tax profit from £61m to just under £24m.

Re-adjusting the group’s portfolio’s to take account of its retail holdings stripped £35m from its headline earnings.

Tim Wooldridge, managing director of IM Properties (IMP) said the group had now rebased its investment portfolio, recognising the current difficulties within the retail and leisure sectors. Without revaluation, ‘headline profits’ would have been virtually at 2018 level.

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A Birmingham bingo club which lost its regular home is aiming for a full house now, thanks to a kind couple and a grant for nearly £2000 from IM Properties’ Peddimore Community Fund.

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Gymshark has taken the final unit at IM Properties’ Connexion campus on Blythe Valley Park (BVP) near Solihull, helping to futureproof the growing global fitness, apparel and accessories brand.

The 56,888 sq ft unit is Gymshark’s third letting at BVP since moving its global HQ to the site in 2018, and the second letting at Connexion, bringing its total space occupied to 130,000 sq ft on the scheme.

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A growing, Birmingham-based company is futureproofing its business, relocating to 38,223 sq. ft of space at Blythe Valley Park near junction 4, M42.

Evac+Chair International, which has been manufacturing the world’s leading evacuation chair as well as a range of patient transportation products for more than 35 years, is moving to IM Properties’ award-winning Connexion scheme, home to some of the Midland’s biggest innovators.

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It’s been an eventful and extremely busy 12 months here at IM Properties with several major schemes securing planning permission including Peddimore – set to become one of the UK’s most significant new manufacturing and logistics developments and junction 11 on the M42 (Mercia Park), delivering 3.5 million square foot of space to Jaguar Land Rover and DSV.

Social Value Agenda

Clearly, both are major milestones for the business, and of course, in planning terms, they’re a big achievement, yet what is particularly satisfying for myself and the company is the narrative surrounding our schemes and the development of our Social Value agenda.

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Grainger plc, the UK’s largest listed provider of private rental homes, today announces that it has agreed to forward fund and acquire a 307 home, PRS development (known as ‘build to rent’)  at Capital Quarter in Cardiff for c.£57m.

IM Properties, one of the UK’s largest privately-owned property companies is delivering the PRS scheme through its in-house project delivery team in partnership with Winvic Construction Ltd.

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