Maven Capital Partners has completed the final sale from its Paradigm Portfolio, following the disposal of four properties at Nova Technology Park, north of Glasgow city centre, for an undisclosed price.
Prior to disposal, Maven completed a series of targeted asset management initiatives across the park, including lease extensions, new lettings and selective capital expenditure, improving income levels and security and enhancing the overall investment profile.
The Paradigm Portfolio comprised 14 commercial properties, including office and industrial assets, and was located in Glasgow and the surrounding areas.
Since Maven acquired the portfolio, in conjunction with Paradigm Property Consultants, which was retained as asset and property managers, it has overseen an active asset management programme.
Colin Anderson, partner at Maven, said: “This sale brings to a close a long-held regional property investment and reflects the benefits of active asset management and a disciplined approach to realisation. Despite challenging conditions in the out-of-town office market, the portfolio has delivered a strong outcome for investors through a combination of income generation and phased disposals.”
