Member Article

Carpenter Rees completes purchase of new office near Manchester Airport

A North West-based financial services intermediary, which specialises in financial planning for families and family businesses, has completed the purchase of a new headquarters near Manchester Airport.

Carpenter Rees has acquired the 2,500 sq ft self-contained, Grade A new build for an undisclosed sum. They will relocate to the site, on Ashbrook Office Park in Heald Green, from its current base in Baguley by the end of April.

Mike Carpenter, director at Carpenter Rees, said: “The relocation to bespoke premises at Ashbrook Office Park is the start of a new era for Carpenter Rees. After completing an MBO in January 2012 – and a major rebrand that subsequently followed – we felt it was the right time in our development to move to individual and bespoke offices, where we could really put our stamp on it.

“We are looking forward to our future at Ashbrook, building on our already established reputation as one of the region’s leading financial planners for families and family businesses.”

The acquisition of the contemporary BREEAM ‘Very Good’ rated office space was funded through a pension fund arrangement.

Steve Rees, director at Carpenter Rees, commented: “Having used Self-Administered Pension Schemes (SSAS) to facilitate the purchase of a significant number of commercial properties on behalf of clients, we were ideally placed to use our own pension arrangement for financial and investment purposes.

“SSASs allow people who run their own businesses to control their fund. The flexible arrangement can be used to invest in the business, and can be utilised to buy commercial property for the business to occupy.”

Ashbrook Office Park – a joint venture between UK Land & Property and Pochin Plc – is situated in Heald Green, within a mile of Manchester International Airport and adjacent Heald Green train station. The high specification offices are set within an 11 acre mature parkland environment and in close proximity to extensive amenities and transport connectivity.

This was posted in Bdaily's Members' News section by Graham Vincent .