Folkes Properties has acquired Vale Park South trading estate at Vale Business Park in Evesham for an undisclosed price.
The estate, which sits on a 1.5-acre site on Conference Way, was purchased from Grafton Associates. It was constructed in 2021 and comprises 10 modern industrial units totalling 31,265 sq ft.
Scott Wheatley, property finance director at Folkes, said: “This acquisition reflects our confidence in the industrial sector and commitment to growing a high performing, resilient portfolio across the West Midlands. Vale Park South is a well located, modern estate with excellent fundamentals that appeals to both regional businesses and national operators. We remain actively focused on identifying and securing similar opportunities across the Midlands”
JG Poole & Co provided legal advice on the transaction. Skylark Real Estate acted on behalf of Folkes Properties. The agent was Harris Lamb.
