Springvale Industrial Park


Date acquired: November 2017
Location: Units 1-19 & 21-33 Springvale Industrial Park, Union Street, Bilston, WV14 0QL
Size: 120,124 sq ft / 11,160 sq m
Tenant: Multi-let, tenants include Ercon Powder Coatings Ltd

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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