Xpanse 120,
West Midlands
Overview
Sector
Industrial
Purchase Date
July 2019
Purchase Price
£2.9m
Sold Price
£18.0m
Strategy
Fiera Real Estate
Opportunity Strategy IV
Opportunity Strategy IV
Opus Land and Fiera Real Estate acquired a rare site of scale in the West Midlands and speculatively developed a state-of-the-art industrial development in an established industrial location. Opus and FRE UK have significant funding for more speculative industrial and logistics developments across the West Midlands.
Property Company
Features
- 6.35-acre site in an established industrial location
- A 122,000 sq ft industrial facility was speculatively built to BREEAM Very Good rating
- The unit was subsequently let and sold within 2 months of Practical Completion
Purchase Rationale
- Lack of new Grade A industrial space in the West Midlands
- Superb location, just off Junction 2 of the M5
ESG
Certifications
- BREEAM Very Good
Resource use and efficiency
- Electric car charging points
- Waste segregation facilities
Health and wellbeing
- Covered cycle storage
Location
- Seven Stars Road, Oldbury, West Midlands B69 4JR
All Assets
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Urban Crawley,
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Opus 49
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Prospero Ansty Park,
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Rectory Farm,
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Virginia Water,
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Trade Street Gardens,
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B&Q Portfolio
Aston,
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Stockport
King Street,
Leeds
Halo,
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Aurora,
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Willingdon,
Eastbourne
The Castings,
Manchester
Millwrights Place
& Coopers Court, Bristol
Maritime Gateway,
Southampton
