BNP Paribas Real Estate, the leading property adviser, and North Rae Sanders, on behalf of a pension fund client, have sold Unit B, Edison Road, Hams Hall, Coleshill in the West Midlands to international freight forwarder Davies Turner for more than £5m.
The 72,556 sq ft (6,741 sq m) warehouse was the only cross-docked unit available in the Midlands, and was sold within six months of the site becoming vacant.
Peter Monks, associate director at BNP Paribas Real Estate, comments: ‘Due to the lack of similar product on the market we received good competition and we were able to complete this sale at a price representing the quality of the site and building, in a relatively short period of time.”