A West Midlands based property investment business says it has enjoyed its best ever year in 2020 for deals and already has more transactions in the pipeline for 2021.
BOSS and related companies, headed by managing director Marcus Hayes, completed 14 deals, including 12 purchases and two sales, during 2020, totalling in excess of £11m of transactions.
BOSS has also advised on the purchase of over £15m of assets in the last 18 months, including the purchase of a serviced office portfolio and the subsequent sale of the most prestigious asset in that portfolio.
Hayes said: “As COVID started to rear its ugly head early this year, we had the choice of two routes. Sitting on our existing assets or diving into a static market and buying assets offering good yields, at a time when interest rates are at historically low levels.
“We set out to acquire assets with attractive yields, whether in the industrial or retail sector, and have subsequently enjoyed our best ever year.”
The £11m of purchases range geographically from a property with Ford Retail Group Ltd as the tenant in Manchester to a Tool Station depot in Windsor Trade Park. Bluechip names involved include Tesco plc, Co-op and Greggs.
In addition, BOSS has advised on purchases for owner occupiers and a number of investment transactions and sales on behalf of the Aston and Fincher Pension Fund.
Hayes added: “We have a pipeline of work in progress going into 2021 exceeding £20m worth of transactions.
“We have also invested in a care home business consolidator company that will have its own announcements to make in 2021.
“And finally, I have set up a property company with Joel Makin, the world No. 9 squash player, reflecting my own passion for the sport, and we will also be unveiling our plans in 2021.”