Goold Estates set to bring two further commercial assets to market as joint venture concludes

Goold Estates and Taylor Boardman Properties have announced they will bring their joint venture
company, Goold Estates Lakeside, to a close following the passing of one of the directors involved
in the partnership.

The commercial property assets, totaling almost 200,000 sq ft, are scheduled to come to market
from December 2025, with LSH appointed to lead the sales process.

The JV was originally established in 2014 as an investment fund to acquire and reposition
Lakeside Business Park, an 84,000 sq ft commercial estate in Cannock. The property had
remained unsold at auction and was 30% vacant at acquisition.

Following a comprehensive programme of refurbishment and active asset management led by
Goold Estates, every unit on the estate was re-geared, leased or re-let. The nine-storey office
tower was sold to a private investor in 2017, with the remainder of the mixed use estate sold the
following year.

Originally conceived as a 10-year project, the success of the Lakeside investment led the JV
partners to collaborate on two further schemes, the most significant being the 6.5-acre Beecham
Business Park near Walsall.

Since acquiring Beecham in 2017, Goold Estates has refurbished, re-let or re-geared every unit on
the 114,000 sq ft estate and delivered a new 9,000 sq ft service centre for Dennis Eagle.

Goold Estates has provided full asset management and project management services across all
developments undertaken within the JV. With the projects now matured, the partners have agreed
to sell the assets, distribute funds to investors and wind up the company.

Anthony Williams, Property Director at Goold Estates, said: “The joint venture has been
incredibly successful, we bought well, worked with excellent tenants, and added significant value
across all three projects. The passing of one of the directors at Taylor Boardman has been deeply
felt, and it feels like the appropriate time to bring the assets to market, particularly as each project
has now reached maturity. We are proud of what we’ve achieved together and grateful for the
support of everyone involved.”

For more information, please contact Adam Ramshaw and Will Higgins of LSH.