Investors buy Birmingham development site
A development site in Perry Barr has been bought by property investors as it looks to target last-mile logistics providers.
Europa Capital and Sovereign Centros have acquired the 189,000 sq ft site next to the One Stop Shopping Center Shopping Centre for an undisclosed sum. The pair did a £70m deal for the retail park in December 2016.
They plan to submit a planning application for the development of 85,000 sq ft of logistics space on the new site.
Hugo Black, partner at Europa Capital, said: "Given its excellent strategic l... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
