A Coventry-based commercial property investment specialist has helped secure deals for clients to the tune of £6 million around the turn of the year.
Jonathan Moore, director of investment agency at Shortland Penn + Moore –which also has an office in Birmingham, acted on a series of deals between November and February.
Moore said that while the market was still subdued, some clients were taking the opportunity to land great deals either through private approach or at auction.
He said: “It is still a very tough market and this has seen the emergence of some very good deals and I am regularly keeping clients informed when I see a solid opportunity.
“It was a very busy end to 2012 and start to 2013 and that has resulted in several good deals on properties across the Midlands.”
The biggest deal was the 20,000 sq ft Britannia House in Northampton that was acquired for £1.6million.
Hawthorns House in West Bromwich, a 60,000 sq ft office property, was purchased for £1.4million while a 30,000 sq ft trade counter/industrial/office property in Newtown Row, Birmingham, was bought for £1.1million.
In Solihull, Building 300 Trinity Park – a 42,000 sq ft office – was acquired for £750,000, while a courtyard development of offices called The Cloisters, in Edgbaston, Birmingham, was purchased for £425,000.
The most recent transaction was the acquisition of a retail unit at 104, Parade, in Leamington, let to Trespass as well as having vacant space with development potential above, which was acquired for a private client for £500,000.
Moore added: “These deals have been concluded right across the region and show that clients are willing to invest when they believe the deal is right.
“In each of these instances, we believe we have secured excellent deals for our clients that will see them make a very good return on their investment.”
