Mon, 24 Jan 2011 | BUSINESS SALE
The Brownhills-based Maybrook Road Industrial Estate has been acquired by property fund manager Highcross.
The 159,362 sq ft estate, which is made up of 28 units, was acquired from Croudace Properties for just over £6 million. The majority of the units are already occupied, with one 5,000 sq ft unit lying vacant.
A spokesperson for Highcross – who was advised on the sale by Gerald Eve - said that the commercial acquisition represented a real boon for the company's portfolio.
Joe Curlett, asset manager at Highcross, said, "Brownhills has a very limited supply of similar industrial buildings, which has resulted in good levels of occupier retention at the estate.
"This, together with the opportunities to increase value through active asset management, make the estate an attractive addition to our West Midlands portfolio," he added.
Meanwhile, vendor Croudace Properties - who was advised by BNP Paribas Real Estate - said that they were 'pleased with the sale,' as it 'comprised a major component in the company’s restructuring.'
The selling of the industrial estate ends Croudace Properties' 40-year association with the West Midlands.
This well-established home improvement provider, based in the Midlands, boasts over thirteen years of operating history and a loyal customer base, with most projects stemming from repeat business and recommendations.
Opportunity to acquire a well-established private dental practice boasting a highly loyal patient base and a large, stable Denplan list of over 1,500 patients.
LEASEHOLD
This well-established dental practice offers a turnkey opportunity with two private surgeries and no capital expenditure required.
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.