The dedicated real estate investment arm of Quilvest Capital Partners (Quilvest or QCP), QCP Real Estate, working with operating partner Arax Properties Limited, has acquired Falcon Works, a multi-let industrial estate in Loughborough.
The 53-acre property, strategically located in the heart of the Midlands’ ‘Golden Triangle’ logistics and industrial area, has strong upside potential with scope for increased occupancy rates and rental income.
The property also offers great potential for the development of unused land and the redevelopment of obsolete space into new, grade-A space with a more efficient vehicle circulation plan and with significantly improved ESG characteristics. Quilvest intends to invest significantly in this redevelopment to support the growth of SME businesses in the Loughborough area.
Patrick Laroche, principal at Quilvest Capital Partners, said: “We are delighted to have completed this acquisition which maintains QCP Real Estate’s strong legacy investing in multi-let industrial assets globally.
“This is a highly attractive property, due to its favourable location and good accessibility, with significant scope for value add through development and commercial initiatives. This transaction is aligned with our strategic commitment to this segment, where we have significant UK experience via previous investments.”
