Brixton has sold Vaughan Trading Estate at Tipton, Birmingham, to Kenmore for £35.75m.

The 40.7 acre (16.4 ha) estate comprises around 802,000 sq ft (74,507 sq m) of industrial, warehouse and office space with an income of £1.7m a year.

The estate was originally bought by Brixton, the UK’s sixth-biggest quoted property company, as part of its Industrious acquisition in 2005, and its sale represents the last of the substantial disposals from that portfolio.

CBRE advised Brixton on the sale while Knight Frank acted for Kenmore