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