PATRIZIA adds 440,000 sq ft industrial property to MLI mandate.

 May 2021

PATRIZIA have added a fourth estate to their multi-let industrial mandate. The acquisition of Wednesbury Trading Estate is an excellent fit to the portfolio, comprising Quarry Wood in Kent, Bradbury Park in Essex and Belleknowes Industrial Estate in Fife, forming a well-diversified portfolio of MLI estates.

Wednesbury Trading Estate is located in Wednesbury, 12 miles NW of Birmingham. It comprises 440,000 sq ft, has 48 units and is let to 35 tenants.  The estate has a strong occupier base, including Cotswolds, Howdens and Toolstation.

PATRIZIA and their operating partner, Caisson Investment Management, were advised by Gerald Eve and Simmons & Simmons.  TT&G and BCLP represented the vendor.

Jamie Younger, Head of Transactions UK & Ireland at PATRIZIA, commented: “We are very pleased to secure this latest acquisition which successfully completes a strategy put in place pre-lockdown.”

James Burgess, Acquisitions Manager at Caisson Investment Management, commented: “We are delighted with the latest acquisition in the PATRIZIA / Caisson programme. To acquire an off-market MLI estate in the current market is a tremendous result. The fundamentals of the estate are robust, with a diverse income profile, making it a strong addition to a well-rounded portfolio.

Wednesbury

 

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Contact for enquiries

Lisa Allsup

Caisson Investment Management

+44 207 280 9600

Research

"Caisson Newsletter December 2019"
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"2019 H1 Research Paper"
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"Caisson Newsletter December 2018"
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"2018 H1 Research Paper"
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"Caisson Newsletter December 2017"
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"2017 H1 Research Paper"
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"Caisson Newsletter December 2016"
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"2016 H1 Research Paper"
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"Caisson Newsletter December 2015"
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"2015 H1 Research Paper"
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"Caisson Newsletter December 2014"
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"2014 H1 Research Paper"
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"Caisson Newsletter December 2013"
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"Caisson Newsletter December 2012"
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"Caisson Newsletter December 2011"
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"Caisson Newsletter December 2010"
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"Caisson Newsletter March 2010"
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"Caisson Newsletter May 2009"
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