CB Richard Ellis Investors has continued its push into the trade counters market by securing planning and change of use consent for Minworth Industrial Park in the West Midlands.
Approximately half of the park’s 300,000 sq ft of lettable space will be converted into trade counter space under the plans. The rest of the park’s industrial stock will be upgraded.
CBRE Investors recently appointed Colliers CRE to advise on a number of the industrial and trade counter properties in its portfolio. This is one of the company’s many ongoing initiatives to drive performance from its clients’ assets and to continually keep stock refreshed. CBRE Investors works closely with various carefully selected agencies nationwide to advise on its assets across its portfolio.
CBRE Investors plans to add value through the development of trade counter schemes through its trade counters initiative, Trade Investors.
Steve Howling at CBRE Investors said: ‘Securing these planning and change of use consents enables us to provide a combination of industrial and trade space in a prime location, which will significantly increase our ability to achieve higher rental income as well as adding to the underlying value of the asset itself.’
Harris Lamb and Colliers CRE are representing CBRE Investors.