Brixton sells Tipton estate for EUR 52 mln

Brixton, the UK property developer and manager, has sold its stake in the Vaughan Trading Estate at Tipton, Birmingham, to the Kenmore Group of Companies for £35.75 mln (EUR 52.7 mln).

Brixton, the UK property developer and manager, has sold its stake in the Vaughan Trading Estate at Tipton, Birmingham, to the Kenmore Group of Companies for £35.75 mln (EUR 52.7 mln).

The 16.4-hectare estate provides about 74,000 m2 of industrial, warehouse and office space that currently produces income of £1.7 (EUR 2.5 mln). The estate was originally bought by Brixton as part of its Industrious acquisition in 2005, and its sale represents the last of the substantial disposals from that portfolio.

CBRE advised Brixton on the sale and Knight Frank acted for Kenmore, which is based in Papua New Guinea.

Brixton owns or manages around 1.6 million m2 of industrial and warehouse space in the UK. The portfolio is located predominantly in the South East of England with a particular focus on the Heathrow and West London markets.

Events

Latest news

Best read stories