Geldards’ Cardiff-based Commercial Property team have successfully advised Business in Focus on its acquisition of a large-scale property investment in the South Wales Valleys and Wrexham, that increases their property portfolio by 67%.
Social Enterprise, Business in Focus, is the lead delivery body for Welsh Government's Business Wales programme and the go–to landlord for small businesses looking for affordable premises on straightforward terms and has been since they formed over 30 years ago.
Catering for small businesses, the company offers office spaces and workshops through to large and varied industrial units. The acquisition strategy has grown their property portfolio from 227k to nearly 380k square feet, increasing its provision of affordable office space to growing numbers of small businesses, putting it at the forefront of business advice and support in South Wales.
Chief Executive of Business in Focus, Katy Chamberlain, said of the investment:
“This is precisely the right time to step up and show our support for small businesses in Wales. At Business in Focus, we have long championed prosperity in Wales. We know that small businesses are the backbone of the Welsh economy and are likely to feel the impact of any Brexit resolution. The continued strength of the market for small business says a lot about the resilience of small business owners in Wales. Today, businesses face unique challenges and opportunities and our investment will enable us to provide continued support for the small and medium enterprise sector at a crucial time.”
The Geldards team was led by Partner Rob James, who both dealt with all aspects of the transaction and is a non-executive Director on the Business in Focus board and has been since 2005. Rob, said:
"As a board member of Business in Focus, I am proud to support the company as a client of Geldards and work with them on such a high-profile deal. We are delighted to have advised them on their acquisition of such a large property investment to greatly increase their property portfolio. The deal is very high-profile in the context of Wales, in view of Business in Focus’s key role in supporting small Welsh business. We would like to thank Business in Focus for continuing to choose Geldards to advise them. We thoroughly enjoy working with them and look forward to doing so again in the future."
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