North West Square | EP Properties acquires the Blackburn Innovation Center

The Blackburn Innovation Center and the Fusion House were built in 2008. Credit: via Appeal PR

Julia Chapelière

Owner Mileway sold the 44,000 square foot office building to Evolution Park to the local investor in a multi-million pound transaction.

Built in 2008 by St Modwen, the Blackburn Innovation Center and Fusion House was designed with medical, science and technology businesses in mind. Current tenants include cloud service provider Maintel, nuclear engineering firm Assystem and NHS Blackburn with Darwen.

EP Properties Director Arif Patel praised the building’s role in Blackburn.

“The Innovation Center has been at the heart of Blackburn’s growth and regeneration for almost 15 years and continues to have a critical role to play in shaping the city’s economic prosperity,” he said. he declares. Patel also noted that there was still office space available in the building.

The acquisition brings EP Properties’ UK portfolio to 5m² of office and industrial space, most of which is based in the North West.

“We have developed a reputation for the type of high quality commercial space that enables businesses to grow and provides modern, safe and comfortable workplaces that people love to work in,” Patel said.

“The innovation center and fusion house at Evolution Park are fantastic additions to our portfolio and we are actively seeking further acquisitions for 2022.”

Mileway was represented by the Manchaster-based agency PK3 as part of the off-market agreement. EP Properties’ internal team managed the acquisition, with Hill Dickinson providing ownership transfer services.

“We were able to move quickly on the sale of this property, which is a great asset in an excellent location, and it has been a pleasure working with Arif and the team at EP Properties,” said James Kinsler, director of the agency PK3.

The transaction figure was not disclosed, however, EP Properties confirmed that it was a multi-million pound acquisition.

About Jerry Richter

Check Also

No private sale, use of fireworks during drought disaster declaration in effect: Bell County judge

BELTON, Texas (KWTX) – Bell County Judge David Blackburn on Wednesday, June 22, issued an …