Office deal for PMW Property

Developer PMW Property has continued to remodel its property investment portfolio following its latest purchase.

The firm has completed the acquisition of The Curve, at NG2 Business Park, in Nottingham, which is a 30,000 sq ft building occupied by VF Corporation.

The deal was secured by FHP Property Consultants, with Flint Bishop advising PMW.

Mike Wrigley, managing director of PMW, said: “We have traditionally looked at the industrial and logistics sector as our default sector to invest in but during the pandemic the exponential growth of e-commerce and the need for businesses to reach out directly to their customers has meant that pricing in this sector and sourcing opportunities which we feel have value has been a challenge.

“We do see that the office sector is one where there will be emergence of rental and capital growth as the market regains and retains its confidence.”

John Proctor, from FHP, said: “This has been a rewarding acquisition to work on as we have worked with Mike and PMW Property for more than 20 years now.

“Not only do we value them as clients, but we feel they are very much part of the family, and we hope equally they feel the same about us.”