Watling Real Estate instructed to sell substantial industrial/warehouse premises in Birmingham
Watling Real Estate has been instructed to market Medco House in Bordesley Green, Birmingham, for sale, quoting offers in excess of £5 million.
Medco House extends to circa 211,000 sq ft on a site area of 6.86 acres and is being sold on behalf of the joint administrators of Connect Distribution Services Ltd.
Chris Davies, a director of Watling Real Estate, said: “This is a rare freehold opportunity to purchase a substantial industrial property which is suitable for owner occupation but will also appeal to the investor and developer marketplace given its size and location.
“Medco House is adjacent to the proposed Birmingham Wheels redevelopment site, a 40 acre parcel of land earmarked for industrial, and employment uses, which is less than four miles from Junction 6 of the M6 Motorway.”
“Given the strong pent-up demand for industrial premises across the Midlands region, coupled with the redevelopment potential the site offers, we are anticipating strong interest from a range of parties looking to secure an opportunity of this scale.”
Watling Real Estate was created on 1 June 2023 by a management buyout, supported by Bassi Capital, 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.
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For further information, please contact:
Chris Davies, Director, Watling Real Estate, 75-77 Colmore Row, Birmingham, B3 2AP.
Issued by ASAP PR – 07990 978257
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 20+ 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.
Watling Real Estate is backed by Bassi Capital, a private family office with extensive core investments in the real estate sector including publicly listed companies, private limited companies, and joint partnerships. https://bassicapital.com/