News

Woodbourne Group completes acquisition of Mill Wharf in Birmingham City Centre

Woodbourne Group has completed the acquisition of Mill Wharf from a Property Fund managed by London-based Downing LLP. The completion reflects a wider combined acquisition of £5.5m which now extends the company’s ownership to 60,000 sq ft of mixed-use space, over 2.5 acres.

Located just off the A38 and Dartmouth Circus, the property occupies a prominent position in Birmingham City Centre, with the Birmingham Curzon Masterplan Area for HS2, and in close proximity to the city’s University Quarter. The site also benefits enormously from the waterside amenity afforded by its canalside location.

Tani Dulay, Chief Executive of Woodbourne Group, commented: “Successfully acquiring the Mill Wharf investment on the open market is a demonstration of our ability to conclude deals within a timely manner.”

Nick Lewis, Partner of Downing LLP, commented: “Having recently re-geared the lease with the occupier JTL, which included bringing in the adjacent car park owned by the tenant, now was the opportune time for a disposal of this asset and Woodbourne Group were an obvious buyer. Woodbourne Group acted quickly and enabled a swift transaction to take place.”

James Madill, Partner of Gateley’s plc acted for Woodbourne Group.  DWF and MK2 Real Estate acted for Downing.

News

What can we expect from COP27?

Viewpoint

PM should prioritise net zero, says Tani Dulay

In The Press

Climate change and the floods in Pakistan

Viewpoint

Will Birmingham’s Commonwealth Games leave a sustainable, carbon-neutral legacy?

Viewpoint

Birmingham knowledge quarter welcomes Woodbourne Group

Viewpoint

Woodbourne Group launches fund for new generation of entrepreneurs

In The Press

Store opens as Woodbourne Group completes £6 million scheme

In The Press

Hybrid working and its impact on the commercial environment

Viewpoint

How biophilic design is helping to improve the built environment

Viewpoint

Can a building ever be future proof?

Viewpoint

Happy Gurpurab

Viewpoint

COP26: The UK’s Role in the Fight Back Against Climate Change

Viewpoint

Woodbourne Group Announces the Completion of First Phase of Canalside Development

In The Press

The Impact of Green Spaces on Our Mental Wellbeing

Viewpoint

How Birmingham Can Seize the Opportunity of the Commonwealth Games

Viewpoint

Curzon Wharf Birmingham – World’s first mixed-use net zero carbon masterplan

In The Press

Birmingham is still poised for growth

In The Press

Woodbourne Group agree deal at Canalside

In The Press

Acquisition of Saxon Way Industrial Estate

Viewpoint

Birmingham’s most expensive house EVER

In The Press

Developer behind affordable homes for Wotton under Edge

In The Press

Lidl UK GmbH signs up to Battens Drive

Viewpoint

Tani Dulay shortlisted for a NatWest Great British Entrepreneur Award

In The Press

70 new homes on way to Black Lake under £13m plan

In The Press