Barberry 57, Advanced Manufacturing Hub, Aston Hall Road, Aston, Birmingham, B6 7QE
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Atlas Real Estate and AP Investment have completed the purchase of a newly constructed Global HQ facility at Birmingham’s Advanced Manufacturing Hub on behalf of BMO Real Estate Partners.
The unit has been developed by Barberry for IMI’s Truflo Marine division and will operate as its global centre of 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 five yearly RPI rent reviews with a collar & cap of 2% & 4%.
Cushman & Wakefield acted for Barberry.
