City Trading Estate

Birmingham

Date acquired: November 2017
Location: City Trading Estate, Icknield Square, Birmingham, B16 0PP
Size: 18,926 sq ft / 1,758 sq m
Tenant: Multi-let, tenants include Gamma Telecom Holdings Limited

Part of the Darby portfolio, a corporate acquisition involving 40 assets; 32 warehouse investments and 8 office investments with a wide geographic spread (3 offices have subsequently been sold).  Numerous opportunities for letting voids, regearing leases, increasing rent following capex to improve and reposition buildings and carrying out historic rent reviews which have never been implemented.

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