BCCIM has completed the acquisition of Trafford Park Industrial Estate in Redditch.
BCCIM represents a joint venture between UK-based real estate investment and development specialist Barwood Capital and independent investment and asset manager Caisson iO.
The acquisition of the purpose-built estate comprises 51,894ft was made on behalf of the Urban Industrial Income LP (UII).
It comprises four industrial units and has a diverse tenant base spanning EV safety training, stainless steel distribution and solar energy equipment. Its acquisition takes the UII portfolio to 11 assets.
Launched in May 2021, UII invests in multi-let and urban industrial assets across key regional locations in the UK.
The estate brings UII’s total assets under management (AUM) to c. £84 million, covering c.750,000ft² of industrial space.
The off-market acquisition of an established, well-located estate represents a positive outcome within a challenging investment market with historically low transaction volumes and selective buyers.
Redditch is a major commercial and industrial centre in Worcestershire, approximately 14 miles south of Birmingham. The town benefits from access to Junctions 2 and 3 of the M42, approximately five to seven miles north of the estate, providing onward connections to the M40, M5 and the wider UK motorway network.
Located on Trescott Road, the estate offers reversionary potential, alongside opportunities to enhance its long-term performance through active asset management and targeted capital expenditure.
One unit is currently vacant, giving BCCIM an immediate opportunity to invest into the asset by undertaking ESG improvements designed to future proof the asset in line with BCCIM’s sustainability goals.
