Urban Splash sells Fort Dunlop to property fund
BIRMINGHAM’S iconic Fort Dunlop development has been sold by Urban Splash and the Pears Group to the Tristan Episo 3 Fund, which is managed by investment manager Tristan Capital Partners.
The 375,000 sq ft scheme – formerly a factory for tyre manufacturer Dunlop before being re-developed as an office-led mixed use scheme by Manchester developer Urban Splash – has been sold for an undisclosed sum.
The development, close to the M6 motorway at Castle Bromwich, currently provides c.300,000 sq ft of Grade A office accommodation, 40,000 sq ft of retail and leisure space, a 100 bedroom hotel and 1,100 car parking spaces.
It is currently leased to 48 tenants including Birmingham Post & Mail, Inspired Thinking Group, Capita and Regus.
Peter Mather, managing director at Tristan Capital, said: “Fort Dunlop offers flexible grade A office space to a wide range of tenants attracted to its ideal location on the key Midlands corridor of the M6 motorway.
“This iconic building provides many on-site amenities for tenants and visitors alike. Its purchase reflects the attractive opportunities that we see for well-located Grade A assets in the main regional cities of the UK and follows our investment in central Manchester in March.”
Tom Bloxham MBE, chairman of Urban Splash, said “We are very proud of the job we have done at Fort Dunlop.
“This is a project we’ve taken from an unloved wreck to a true icon of regeneration, which we’ve been incredibly pleased to have acquired, built, marketed, let and now sell.
“We believe that our work is now complete and are pleased to be passing it onto Tristan so we can concentrate on our exciting new development pipeline.”
