5 Jun 2013
VBRi Acquires Shapesilver Ltd
5th June 2013 – The board of VBRi is pleased to announce the acquisition of Shapesilver Ltd for an undisclosed sum. The acquisition is VBRi’s seventh acquisition since its formation in 2010.
The Shapesilver Portfolio comprises five industrial assets located in the Midlands and North England; Birmingham, Derby, Grantham, Salford and Ashton in Makerfield, totalling 352,149 sq ft of industrial accommodation and providing £1,002,135 of income.
M7 Partner and Director of VBR Investments Charles Alcock said, “This is an accretive acquisition for VBRi and we expect to be making further corporate purchases during 2013.”
VBRi now comprises over 120 assets providing approximately 4,700,000 sq ft of accommodation in 1,200 units. The company has over 740 tenants providing a rent roll of almost £15 million.