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Super Prime Midlands Industrial site acquired in Tamworth

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Aberdeen Standard Investments, acting on behalf of an Institutional Client and with Opus Land as developer, is pleased to confirm that it has acquired a 7.1 acre site at Kinsall Green, Tamworth, just 150m from Junction 10 of the M42. The scheme has a GDV of c. £19m.

In conjunction with their development partner Opus Land, Aberdeen Standard Investments plans to develop a unit of 135,000 sq ft Grade A, speculative industrial warehouse.

Oli Lord, Deputy Fund Manager, at Aberdeen Standard Investments, commented: “We are delighted to have acquired this prime off market site and look forward to capitalising on the continued demand / supply imbalance in the Midlands industrial market. With our specialist development partner, Opus Land, we look forward to developing a Grade A unit in a prime location which will complement the fund’s other recent acquisitions and developments in the Midlands.”

Victoria Turnbull, Joint Managing Director of Opus Land, commented: “Opus Land are delighted to be working with Aberdeen Standard Investments in developing yet another high-profile development in the region. We see the commitment to build the unit speculatively as reflective of the dearth of industrial development sites of any quality and the strength in the industrial market across the Midlands – all of which are opportunities that Opus Land are looking to build upon in the region.”

Darby Keye advised Aberdeen Standard Investments / Opus Land.

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