Prime Milton Keynes industrial site sold by Watling Real Estate for £5.3 million

Watling Real Estate has completed the sale of RJB Stone Ltd’s warehouse premises on Bramley Road, Milton Keynes for £5.3 million to Auto Motive Pumps Holdings Ltd.

The 58,749 sq ft property, located within the UK’s logistics “Golden Triangle”, is on a 2.8 acre site and was sold with vacant possession.

Watling Real Estate director Chris Davies said: “Following a relatively short but competitive sales process, we are pleased to see the sale of this property complete.

“The sale facilitates a relocation for RJB Stone Ltd, allowing them to move forward with their future business plans, while allowing the purchaser, a local Milton Keynes-based business, the opportunity to expand.

“The market for freehold warehouse/industrial premises remains very constrained, resulting in strong demand in the warehouse from both owner occupiers and investors alike.

“We are continuing to work with a wide range of corporate clients to align their property portfolios with their operational needs and remain particularly active in the industrial and warehousing/logistics markets.

“We are seeing both challenges and opportunities in the corporate owned industrial/warehousing marketplaces, but underpinned by a supply/demand imbalance, there is often significant scope to generate strong value from surplus assets.

“We will shortly be bringing further assets to market as part of on-going rationalisation and relocation programmes.”

Watling Real Estate has just concluded its first full year of trading since completing the management buyout of Avison Young’s real estate restructuring division on 1 June 2023. Headquartered in London, the business provides national coverage through offices in Birmingham, Manchester, Leeds and Bristol.

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For further information, please contact:

Chris Davies, Director, Watling Real Estate, 75-77 Colmore Row, Birmingham, B3 2AP

chris.davies@watling.com

Issued by ASAP PR – 07990 978257

Editors’ Notes

Watling Real Estate was created on 1 June 2023 by a management buyout of the real estate restructuring division of Avison Young. The business is headquartered in London with a network of offices in Birmingham, Manchester, Leeds and Bristol, providing national coverage with the benefit of local and regional expertise.  It has a team of 18 professionals offering a multi-disciplinary real estate advisory business and will immediately become one of the UK’s largest real estate restructuring consultancies.

The team, originally part of the GVA business and more recently Avison Young post-merger in 2019, is one of the most highly regarded and experienced real estate advisors operating within the restructuring and recovery marketplace. Over the past decade, the team has advised or transacted on real estate with a total value of over £11 billion, having worked on some of the most significant real estate restructuring projects in the UK.