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BlackRock & Canmoor make an Impact in Bloxwich

By February 2023 Transactions

ACRE Capital have advised BlackRock and Canmoor on the sale of Impact Park in Bloxwich.

The property comprises a highly specified mid box urban logistics park situated 10 miles north-west of Birmingham City Centre.

BlackRock and Canmoor developed the property to a prime specification in 2021 and successfully let all units following practical completion on 10-15 year leases with 83% of the income benefitting from rent reviews to the higher of OMV or uncapped CPIH+1% indexation.

The property was acquired for £35,210,000.

Location: Bloxwich
Property Type: Mid Box Logistics Park
Transaction Type: Sale
Client: BlackRock / Canmoor