Funding : /Zepo

December 19, 2014 | TMT | Asia Pacific
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Sale (GBP33.7m): IM Properties/Birch Coppice Business Park properties

Posted: December 19, 2014 | Real Estate | UK

Deal Feed International Reports: Birch Coppice units sold in £34m deal

Press Release:

IM Properties has sold two distribution units at its Birch Coppice Business Park near Tamworth to a client of Aberdeen Asset Management for £33.73m. The 166,600 sq ft and 169,000 sq ft units were the first in the UK to be speculatively developed in the current market cycle and were pre-let by CBRE in February this year to international distribution and outsourcing specialist Bunzl and automotive component supplier DAU Draexlmaier Automotive UK respectively.

Deal details sourced by the Deal Feed Team from The Business Desk. (Opens in new window)

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