Evolve Estates has acquired the 94,116 sq ft Middlemarch Business Park in Coventry for an undisclosed price.
The business park, which has recently undergone a phased refurbishment programme, comprises a number of Grade A office buildings on a landscaped 8.66-acre site
Middlemarch Business Park is situated directly adjacent to the proposed 265-acre Greenpower Park scheme at Coventry Airport.
Joe O’Keefe, co-founder of Evolve Estates, which is part of M Core, said, “This acquisition aligns perfectly with our vision to grow our portfolio in new sectors with similar underlying fundamental metrics. Middlemarch is a well-located park with a demonstrable cash flow but it could be better still. We will now begin to speculate capital and implement our plans to improve the general environment and buildings to drive performance and ensure the units and buildings are in even more demand.”
Knight Frank acted for the vendor and Avison Young represented Evolve.
