West Midlands Property NewsAll the latest property news from the West Midlands, including Birmingham, Coventry, Solihull, the Black Country and all of Warwickshire, Staffordshire, Worcestershire and Shropshire.
St Modwen has been given the go-ahead for 800,000 sq ft of development on a 35 acre site in Tamworth, east of junction 10 of the M42.
Land Securities is considering an alternative scheme in Worcester after conceding defeat in its efforts to develop a £150m retail park anchored by John Lewis on the outskirts of the town.
Salmon Harvester Opportunity Fund (SHOF) has agreed a deal with homeware and household goods retailer Wilko at Worcester’s Cathedral Square.
Investor CLS holdings has acquired five office properties in the South East and Birmingham for £31.4m from a private investor.
International freight forwarder W.E. Deane has taken 7,307 sq ft of space to open a new warehouse at Birmingham’s Gateway Park.
Tritax Big Box REIT will provide £101.8m of forward funding for Roxhill’s development of two new distribution warehouse facilities at Warth Park in Raunds, Northamptonshire.
Bridges Ventures has sold all the units in two Midlands-based SME office buildings after carrying out comprehensive refurbishment works.
Birmingham Properties Group has sold a student housing scheme to Investra for £13.3m, reflecting a net initial yield of 6.6%.
West Midlands Property Features
Anyone looking for a meal out in Birmingham will find themselves a lot more spoilt for choice these days. And that’s just picking which Michelin-starred establishment they fancy (there are five at the moment, if you’re counting).
Wolverhampton has often had to play second fiddle to its bigger neighbour Birmingham, but plans are afoot to ensure the city holds its own as part of the new West Midlands city region.
Planning permission for the creation of a new premium outlet shopping destination in the West Midlands was granted to development partners U+I and Rioja Developments in September.
One investment market firmly brushing off any Brexit worries in the West Midlands is the industrial sector, where investment volumes are already 5% above the full-year total for 2015, and 59% up on the annual long-term average.