IM Properties is the investment vehicle for Bob Edmiston, who made his fortune importing Daihatsu and Subaru cars to the UK. The Woking deal is its second in two months, following its £68.5 million ($110 million) purchase of the 279,674-sq ft Marlowes shopping centre in Hemel Hempstead. Hertfordshire.
Director Paul Foster said IM Properties was continuing to target opportunities in the south-east of England, ideally offering a mix of retail and office uses. CB Richard Ellis represented IM properties and Franc Warwick represented West Bay Estates.
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