£40m-worth of acquisitions conclude busiest year for Hurstwood Holdings
Manchester property investment and development business, Hurstwood Holdings, has completed its biggest acquisition year with a total of £40m-worth of deals covering 15 properties.
Its spending spree culminated with the acquisition of two high yielding commercial premises in Europa House on Gemini Business Park, Warrington, and Alliance Court on Ludlow Eco Park in Shropshire.
The group’s commercial property portfolio is now valued at more than £300m.
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, 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 and Implemental, on 10 year leases.
The properties were bought for an undisclosed sum.
Stephen Ashworth, chairman and CEO of Hurstwood Holdings, said: “2022 was an exceptional year for us as a company.
“To have expanded our property portfolio and complete on 15 new acquistions 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.