ACRE Capital have advised Exeter Property Group on the off-market acquisition of a prime vacant distribution warehouse located on Ravensbank Business Park in Redditch. The modern unit extends to approximately 91,500 sq ft and benefits from an excellent specification including an eaves height of approximately 11.50 metres. The property was acquired for a price of 7,400,000 and provides Exeter with the opportunity to drive value in the short term through successful leasing.
Property Type: Distribution Warehouse
Transaction Type: Acquisition
Client: Exeter Property Group