Xpanse 120, Oldbury

The Asset at a Glance

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.
Chris Button, Head of Value Add REIM
Investment Theme
Industrial & Logistics
Purchase Date
July 2019
Purchase Price
Fiera REal Estate Opportunity Fund IV
• Lack of new Grade A industrial space in the West Midlands • Superb location, just off Junction 2 of the M5.
Purchase Rationale
• 6.35 acre site in an established industrial location • A 122,000 sq ft industrial facility was speculatively built to BREEAM Very Good rating • Let to ERIKS Industrial Services for 15 years at £6.50psf within 2 months of completion • Investment sold in December 2020 for £18.1m at a new benchmark yield of 4.13%
  • Seven Stars Road, Oldbury, West Midlands B69 4JR