The borrower, managed by Urbana Partners, required the funds to purchase the site, which includes a three storey, 70,000 sq ft office building currently let to the National Grid.
It is located in a prime central location adjacent to Touchwood shopping centre and in close proximity to Solihull train station, offering commuter links to Birmingham and London.
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Daniel Austin, co-founder and CEO at ASK Partners (pictured above), said: “We were very pleased to help fund this acquisition for Urbana Partners.
“Given the growing popularity of the UK’s ‘second cities’ and the government’s levelling up agenda, I believe this site has great long-term investment potential.”
Nick Lloyd, partner at Urbana Partners, added: “We are delighted to have completed this transaction with ASK.”
“This acquisition is central to our core strategy of securing mid-market commercial opportunities with strong long-term income potential.
“This is a very well-located office building with excellent natural light, ample parking and a good tenant.”
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