Folkes Properties has completed the acquisition of Unit 1, Fairview Industrial Estate, Curdworth, Birmingham, further strengthening its growing Midlands industrial portfolio.
The property was acquired from LondonMetric Property PLC, with AP Investment acting on behalf of the vendor.
The modern, single let industrial unit extends to 31,066 sq ft and benefits from a highly strategic location, approximately 450 metres from Junction 9 of the M42 and the T1 interchange of the M6 Toll. This places the asset at the heart of the Midlands’ established logistics and manufacturing network.
The unit is fully let to PHS on a 20 year FRI lease providing long term, secure income.
This acquisition follows Folkes Properties recent purchase of Vale Park South, reinforcing the Group’s continued commitment to investing in high-quality industrial assets within key Midlands logistics hubs.
Commenting on the acquisition, Samson Folkes, Group Managing Director, said:
“This acquisition aligns closely with our investment strategy of targeting well located, modern industrial assets with strong fundamentals and secure income. The Midlands remains one of the UK’s most resilient and in-demand industrial markets, and this purchase builds on the momentum created by our recent acquisition at Vale Park South.”
Folkes Properties continues to actively pursue further industrial and logistics opportunities across the Midlands, with a focus on assets that support long term occupier demand from manufacturing, logistics and essential services sectors.
James Polo-Richards of JG Poole & Co and Callum Wing of Collingwood Rigby acted for Folkes Properties on the acquisition.
