Construction News

24/07/2014

IM Properties Buys Fore Business Park For £21m

Fore Business Park near Solihull has been sold for £21 million.

BAM Properties sold the business park to IM Properties.

Located on junction 4 of the M42, Fore Business Park features 66,000 sq ft of existing office accommodation in two buildings, Fore 1 and Fore 2.

The site includes six acres of development land, with planning secured for two further office buildings totalling an additional 90,000 sq ft.

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Martin Hill, development director for BAM Properties, said: "It speaks volumes about the strength of the M42 market that IM Properties has chosen to take the whole of the FORE business park development. They inherit some remaining letting potential in phase 1 and a superb consented site. It’s both an excellent investment for them and it's proven to bear out the speculative development approach BAM adopts."

(CD/IT)

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