Company Boosts Portfolio With The Addition of 15 New Properties in 2022: Portfolio Now Valued In Excess of £300 million
Hurstwood Holdings has cemented its biggest ever acquisition year with the completion of two new high yielding commercial purchases - Europa House on Gemini Business Park in Warrington and Alliance Court on Ludlow Eco Park in Shropshire.
These latest property assets culminated in a spend of £40 million across 15 commercial properties nationwide last year extending the company's national commercial property portfolio, which is now valued at in excess of £300 million.
Europa House is a 27,995 sq ft modern office building situated on a significant self contained site in the heart of a prime industrial area. Let to Schneider Electric and BMS Progress LLP, only 5,6990 sq ft remains available. B8 acted on behalf of the vendor, Threadneedle.
Alliance Court, which was being marketed by Singer Vale for a private investor, comprises two detatched office buildings totalling 15,191 sq ft which are both fully let to established occupiers, Premier Medical Group Limited and Implemental Limited on 10 year leases.
The properties were all bought for an undisclosed sum.
Stephen Ashworth, Chairman and CEO of Hurstwood Holdings, says: "2022 was an exceptional year for us as a company. To have expanded our property portfolio and complete on 15 new acquisition nationally - all within the stipulated timeframes and at the agreed price - is a remarkable achievement and all whilst remaining a privately owned business with no external investors. The efficiency and professionalism of our team is testament to what we have achieved and I also want to thank all of our
professional advisors and contractors for their constant support. We have some very exciting plans for 2023, which will be revealed in the coming weeks."
Hurstwood Holdings currently has a property portfolio comprising more than 150 sites nationwide housing in excess of 1,000 occupier clients.