Midlands-based developer and investor IM Properties has announced new members in its development team alongside equity driven expansion plans.
Kevin Ashfield has been appointed to manage the firm’s development team following the departure of commercial director Mick Jones.
Ashfield had been working in an asset management and investment role at IM for the last 10 years. He is joined by new project manager Jason Jasper formerly of Barberry Developments.
The company has also confirmed that it is setting aside equity to pursue new development opportunities by way of direct land acquisition, joint ventures, and short to medium term sale and lease back opportunities.
Tim Wooldridge, IM Properties managing director said: “One of our major strengths has always been readily available equity coupled with a flat line decision making process driving an in house development team with a consistent reputation for delivery.”
The move will bolster IM’s existing portfolio which comprises the 400 acre Birch Coppice Business Park where a 123 acre second phase planning application has recently been submitted for 2m sq ft of B8 distribution space.
Ashfield added: “These are truly exiting times for a cash-rich developer such as IM Properties.”
Privately owned IM Properties currently has holdings in excess of £400m in the UK, mainland Europe and the USA.
