Evolve Estates Expands Portfolio with Longbridge Acquisition

Evolve Estates, part of M Core, has added to its growing portfolio with the acquisition of Park Point, a prominent mixed-use development in Longbridge town centre.

Completed in 2013, Park Point covers 66,382 sq ft and features a 75-bed Premier Inn hotel, eight ground-floor retail and leisure units, and three storeys of office space. Notable tenants include Costa Coffee and Greene King Brewing.

Situated around six miles south of central Birmingham, Park Point is a key part of the wider Longbridge town centre regeneration project.

Joe O’Keefe, co-founder of Evolve Estates, highlighted the appeal of the site: “We were attracted to the mixed-use nature of Park Point, the income profile, location, and the variety of tenants across different sectors.

“Longbridge is one of the UK’s largest regeneration schemes, with further investment planned to bring new jobs to the area. Its excellent transport links and strong local services make it a strategic location. With our expertise in managing diverse assets, this acquisition represents an exciting opportunity.”

Avison Young advised Evolve Estates on the deal, while Savills represented the vendor.