Acquisition of Saxon Way Industrial Estate
Woodbourne Group has successfully completed the acquisition of Saxon Way Industrial Estate in Birmingham for an undisclosed sum.
The property is a multi-let industrial estate located 14 miles east of Birmingham City Centre and close the M6 at Junction 4 providing easy access to the M42.
Tani Dulay, Chief Executive, commented: “In an ultra-low interest rate environment the cash flow benefit of higher yielding multi-let industrials is obvious but most investors are put off by the smaller lot sizes and the level of asset management required. The estate offers significant reversionary potential and scope for future redevelopment”.
