Xpanse 120, Oldbury
Opus Land and Fiera Real Estate acquired a rare site of scale in the West Midlands and speculatively developed a state-of-the-art industrial development in an established industrial location. Opus and FRE UK have significant funding for more speculative industrial and logistics developments across the West Midlands.
- Purchase Date
- July 2019
- Purchase Price
- £2.9m
- NIY
- N/A
- Fund
- Fiera Real Estate Opportunity Fund IV (“FREOF IV”)
- Property Company
- Opus Land
- Features
- 6.35-acre site in an established industrial location
- A 122,000 sq ft industrial facility was speculatively built to BREEAM Very Good rating
- The unit was subsequently let and sold within 2 months of Practical Completion
- Purchase Rationale
- Lack of new Grade A industrial space in the West Midlands
- Superb location, just off Junction 2 of the M5
- ESG
Certifications
- BREEAM Very Good
Resource use and efficiency
- Electric car charging points
- Waste segregation facilities
Health and wellbeing
- Covered cycle storage
- Location
-
- Seven Stars Road, Oldbury, West Midlands B69 4JR
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