Urban Village Capital, the new joint venture partnership between Urban Village and Key Land Capital, has announced the completion of its first major commercial property acquisition.
The joint venture acquired the 18,155 sq ft detached, three-storey ‘Fazeley House’ office block in Rocky Lane, Aston, Birmingham following a £1.95 million deal.
Commenting on the deal, Kevin Sharkey, Executive Director of Urban Village Capital, said: “This is the first acquisition in a long term strategy which will see our portfolio of investments grow significantly. We are at the start of a new era, and we have several exciting new developments in the pipeline that we will be able to announce in the coming months.”
The Birmingham-based Urban Village Capital is an investment and development partnership boasting a multi-million-pound portfolio of developments across the UK.
The team are led by the aforementioned Key Land Captial Director Kevin Sharkey, and Nick Sellman (Urban Captial) who serves as the joint ventures Chief Executive.
Highlighting the significance of the deal, Nick said: “Our investment in Fazeley House marks the first major acquisition of our new joint venture partnership and is an exciting addition to our portfolio.
“This is a fantastic headquarters building, situated on the popular Aston Cross Business Village in the thriving Waterlinks area of Birmingham. Its location is excellent, within striking distance of the city centre but also very close to the A38(M) and the motorway network. We will invest in improving the offices, and we are confident it will appeal to a range of potential occupiers.”