ASK Partners provides £10.5m loan for Solihull site acquisition

ASK Partners has completed a £10.5m senior loan facility agreed on a 30-month term for the acquisition of a 1.65-acre site in Solihull.

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.

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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