Portway Road Industrial Estate

Oldbury

Date acquired: November 2017
Location: Units 5-8, Portway Road Industrial Estate, Alston Road, Oldbury, B69 2PP
Size: 42,310 sq ft / 3,931 sq m
Tenant: Multi-let, tenants include Fraikin 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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