The Wigley Group, a leading industrial specialist in Leicester, has closed a double-deal with Reflex Property Finance to procure Bermuda Park in Nuneaton and a city center trading estate in Leicester for a total amount of £7.95 million.
Under the partnership of Waterloo Capital Ltd, a newly-formed investment fund, both properties will be managed as shorter-term asset management initiatives focusing on the industrial sector across the Midlands region. With a rich portfolio of landholdings and property, The Wigley Group’s Asset Management team intends to enhance the offering at Bermuda Park and Craven Street, which constitutes 13 fully-let units with a total area of 100,000 sq ft.
The Chief Executive Officer of The Wigley Group, James Davies, commented that the partnership with Reflex Property Finance would “help to drive fresh investment into the region,” with their strong local knowledge complementing Reflex’s proficiency in development and investment.
The co-founder of Reflex Property Finance, Jonathan Morgan, remarked that he is eager to “grow the relationship with such an experienced, reputable and well-capitalized partner.”