LONDON—Karlin Real Estate has expanded its UK commercial portfolio with the acquisition of a distribution building in Ellesmere Port and an office building in Solihull in transactions totaling approximately $29.4 million (£18M).
Karlin acquired Phoenix, a 405,365 square-foot industrial building leased to Jaguar Land Rover Ltd, from Property Fund Manager, Highcross. Built in 2001, the building is situated on a secured 21-acre site. The property is located within the Hooton Park Supplier Park along River Mersey and is served by the Port of Liverpool. Knight Frank represented Karlin and Cushman & Wakefield advised the seller.
In a separate transaction, Karlin acquired the freehold interest in Earlswood Court, a modern two-story 41,363 square-foot commercial office building in Solihull near Birmingham, from Helix Property Advisors, Ltd. Constructed in 2002, the building has been occupied by The Paragon Group of Companies (LON: PAG), a UK based consumer finance and mortgage lender. CBRE Birmingham represented Karlin and Fineman Ross advised the seller.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
