Barberry Industrial has acquired a site in the West Midlands for a £14m GDV warehouse development.
Barberry intends to build a 70,000 sq ft Grade A distribution and logistics unit on the site at Quinton Business Park in Ridgeway, Birmingham, after acquiring the land for an undisclosed sum in an off-market deal.
Jon Robinson, development director at Barberry Industrial, said: “Our acquisition of this prime site at junction three of the M5 Quinton Business Park is the latest significant investment by Barberry. The acquisition demonstrates the strong financial position of the company, our ability to transact quickly and our continued commitment to the mid-box industrial and logistics sector in key strategic locations.
“Importantly, the development of a best-in-class 70,000 sq ft unit will help to address the ongoing shortage of new, high quality mid-box industrial/logistics accommodation in the West Midlands. Our building will be designed to enable businesses to reduce their carbon footprint and deliver financial savings across their operations. Barberry strives to help create flexible space to work while promoting staff wellness, delivering quality accommodation that local, regional and national businesses need in order to expand their operations within the Midlands, delivering new jobs and attracting investment.”
Savills and M1 Agency are the retained letting agents for Barberry on the development.
