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.
- 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