The Developer acquired this real gem in the heart of the West Midlands. It comprises 88,325 square feet of office space in 5 storeys spread over 3.4 acres with 336 car parking spaces. The Developer is a repeat client and we advanced over £1m in the first tranche. We took a first charge over the freehold and directors’ guarantees.
Currently planning permission is being sought for conversion to flats on one section of the L shape and lease out of the other section to a hotel operator.
To maintain client confidentiality, we have provided a generic outline only.