Barberry 57, Advanced Manufacturing Hub, Aston Hall Road, Aston, Birmingham B6 7QE
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AP Investment and Atlas Real Estate have completed the purchase of a newly constructed HQ facility at Birmingham’s Advanced Manufacturing Hub on behalf of BMO Real Estate Partners.
The unit has been developed by Barberry over the course of the last 12 months for IMI’s Truflo Marine’s global centre of engineering excellence.
The property is located on the edge of Birmingham city centre, adjacent to the A38M and under ½ mile from Junction 6 of M6.
The unit lies within Birmingham’s Advanced Manufacturing Hub which has promoted economic and commercial development in the Aston area of the city leading to significant new development and investment over the last few years.
The 58,500 sqft HQ facility lies on a 2.37 acre site with dual frontage to Priory Road and Aston Hall Road. The unit was pre let to IMI Truflo Marine on a 15 year lease, with a 10 year tenant break option.
There are 5 yearly RPI rent reviews with a collar & cap of 2% & 4%.
Cushman & Wakefield acted for Barberry.
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