Nexus 122, Birmingham

Client
Private Equity Client

Location & Size
102K sq ft in Birmingham

Role
Asset Manager

  • Acquired December 2016 £8.95M (8.91% IY)
  • Negotiated c. £1M dilapidations settlement from outgoing tenant. Fully refurbished unit, extending yard and adding 4x cross dock levellers
  • Lease at rent in excess of £6 psf
  • Vacant at sale
  • APAM sold in August 2020 £9.5M (7.51M RY)
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