Two Birmingham industrial estates have been snapped up by a national property and land firm for around £2.5million.
Christchurch Property has acquired the newly renamed Alexandra Trading Estate, in Handsworth, and Western Business Park, both close to Birmingham City Centre.
The company was assisted in both purchases by commercial property agents Shortland Penn + Moore, which has offices in Birmingham and Coventry.
On Alexandra Trading Estate, Christchurch bought from the receivers 13 units – including one office – on what was previously known as Black Business in Birmingham. Colliers acted for the receivers.
The company has also recently completed on the purchase of Western Business Park, totalling 21 units, from its previous owners BPG through FSP.
Jonathan Moore, director of Shortland Penn + Moore, said: “I have known that Christchurch Property has been keen to invest in Birmingham for a while now and continues to have an appetite for more opportunities like these.
“Alexandra Trading Estate and Western Business Park represent good value in the current market and I am delighted to have helped conclude these deals for Christchurch.”
Both estates already have a range of occupiers, but with units currently available to let.
Moore added: “On Alexandra Trading Estate, some minor improvement works including cleaning the cladding and smartening up the common areas have already taken place. Both these estates are very good, very tidy inner-city industrial trading estates.
“We expect strong occupational interest in the available units – from local and national companies – and together with the joint letting agents we have already secured new occupiers and will continue to work on marketing those for Christchurch.”