IM Properties, one of the country's largest privately owned
Property Companies, has relocated to join the wider IM Group team
at IM House in Coleshill, North Warwickshire.
The 16 person IM Properties team, previously based in nearby
Warwick, is now working alongside 150 IM Group colleagues at
IM House. The purpose built state-of-the-art property houses the
core of IM Group's global operations. Situated in 200 acres
of picturesque parkland, the hub of the company's IT, Accounting
and Business Development activities are based at IM House, together
with the International Motors business.
Bringing the entire IM Group together under one roof offers
countless benefits to IM Properties as managing director, Tim
Wooldridge explains: "Moving to IM House has not only provided the
IM Properties team with a fantastic open plan working environment
but has also enabled us to benefit from the integration of services
provided across the Group. Having Group directors, management and
executives all within the same building is hugely advantageous to
all of our business streams and the new location provides IM
Properties with the space required to accommodate our growth
plans."
IM Properties' has continued to strengthen as a business in
2011, most notably securing a total of £150 million of senior
debt funding in July. With a strong focus on acquiring prime real
estate and high quality properties, the company is implementing a
strategy of increasing weighting in quality distribution
investments and development opportunities in the UK, growing its
residential development arm and expanding its presence in the US
through retail development funding.
"We are a driven and ambitious property company with the cash to
invest now in quality property," added Tim Wooldridge. "Alongside
working hard to rebalance our portfolio we are also keen to explore
new sectors going forward that offer opportunities for capital
growth to compliment the strong income returns generated by our
commercial portfolio. We want to deliver a strategy that will be of
benefit to the business for the long term and are therefore placing
an increased emphasis on the development aspect of the business.
The future is hugely exciting for IM Properties, we have been
investing heavily in North Warwickshire for years at our sites at
Birch Coppice and Coleshill Manor, it feels right to take the next
step and actually base ourselves in the region and at the same time
share our successes with colleagues from across the Group."
Established in 1987, IM Properties Plc is one of the UK's
largest privately owned property groups with close to £1bn of
property owned and under management within the UK, France, Germany
and USA, the company's land bank is in excess of 300 acres.
IM Properties is well known for its consistent deliverability
and performance. This deliverability is reinforced by the fact that
all investments and developments are financed from existing cash
resources.