News - Midlands

IM Properties moves to Coleshill

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IM Properties has relocated to join the wider IM Group team in Coleshill, North Warwickshire.

The property company will move into IM House after leaving its current premises in Warwick.

The purpose-built 200-acre site is the headquarters of IM Group's global operations, with about 150 members of staff in the company’s IT, accounting and business development divisons.

Managing director Tim Wooldridge said: "Moving to IM House has not only provided the IM Properties team with a fantastic open plan working environment but has also enabled us to benefit from the integration of services provided across the group.

"Having group directors, management and executives all within the same building is hugely advantageous to all of our business streams and the new location provides IM Properties with the space required to accommodate our growth plans."

Wooldridge said the company would now target growth in its residential development arm and its presence in the US through retail development funding.

Earlier this year, IM Properties revealed it would be focussed on seeking out prime retail estate acquisitions after securing £150m of bank funding.

 
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