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)