Evolve Estates announces a new addition to their expanding portfolio, with the latest acquisition of Park Point in Longbridge.

Evolve Estates, part of commercial property and investment collective M Core, has acquired Park Point, a highly prominent 66,382 sq ft mixed-use scheme at the centre of Longbridge’s new town centre development. Park Point comprises a hotel, food and beverage, office and retail. 

This latest acquisition demonstrates Evolve’s expertise in buying and implementing effective asset management strategies in different sectors. 

Park Point is a landmark property that forms part of the wider Longbridge town centre development. It has many businesses, shops, leisure amenities, and housing. 

Completed in 2013, Park Point comprises a highly successful mixed-use scheme of over 66,282 sq ft arranged as a 75-bedroom Premier Inn hotel, 8 ground-floor retail and leisure units, and 3 storeys of Grade A office accommodation.

The property is let to several high-profile tenants, including Greene King Brewing and Retailing Limited, Costa Limited, Biotest (UK) Limited and Phil Jones Associates Ltd. 

Park Point is strategically located in Longbridge town centre, approximately 6.5 miles south of central Birmingham, one of Europe’s most dynamic, thriving and business-focused cities. 

The expansion into West Longbridge is now underway. It forms the next chapter of the successful growth story at Longbridge town centre and further cements Longbridge as one of the key business hubs in the West Midlands.

Joe O’Keefe, Co-Founder at Evolve, said: “We were attracted to the mixed-use nature of Park Point, the income profile, location and spread of both tenants and sectors. 

Longbridge is one of the largest regeneration schemes in the UK, and further investment is planned to bring new jobs to the area. It benefits from a strategic location with excellent transport links and is underpinned by great services. 

This and our proven track record in managing diverse assets make an attractive proposition.”

Damian Lloyd, Avison Young acted for Evolve and Nick Wood, Savills acted for the Vendor.