John Truslove hails EDR Developments’ decision to build more industrial units in Redditch
Worcestershire’s Most Active commercial property agency John Truslove has concluded a third deal in 2020 with Redditch-based EDR Developments Ltd.
EDR Developments Ltd has purchased a further site at 35 Enfield Industrial Estate in Redditch to build more industrial units from 3,500 sq ft to 12,000 sq ft on a speculative basis. A planning application for the site is currently under consideration by Redditch Borough Council.
Ian Parker, joint managing director of John Truslove, acted for Hanson UK in the sale of the 0.58 acre site which was a former concrete batching plant.
The sale of 35 Enfield Industrial Estate to EDR Developments Ltd follows the company’s disposal earlier in 2020 of Royal Enfield Industrial Estate, which was also a speculative development. John Truslove acted for EDR in the sale to Redditch Borough Council for £2.75 million.
And in June, John Truslove advised EDR on the acquisition of a 1.8 acre development site at Parker Place in Kidderminster for £455,000, which EDR has since sold on to a freight services group.
Andrew Jones of law firm Wright Hassall advised EDR Developments Ltd on the company’s latest acquisition. Hanson UK was advised by Lee Hayes at Knights plc.
Ian Parker said: “With industrial space in north east Worcestershire at a premium and very much in demand by investors and occupiers alike, this is a very good deal for EDR Developments.
“Despite the issues caused by the pandemic, EDR and John Truslove have continued to create deals and do business in a marketplace where there are still many opportunities.”
Redditch-based chartered surveyors and valuers John Truslove was recently named Most Active Agent in Worcestershire in the Radius Data Exchange survey produced in conjunction with EG, the commercial property market magazine.
Joint managing director Ian Parker was also named Worcestershire Dealmaker of the Year AND Warwickshire Dealmaker of the Year for 2020. The survey year, which runs from August to August, saw John Truslove record a 36% increase in deals negotiated over the 12 months.
Ends (332 words)
For more information, contact:
John Truslove, Daralbee House, Archer Road, Redditch, B98 8DJ
Issued by Andy Skinner of ASAP PR, 01608 651203, mobile 07990 978257.