Brixton sells Tipton estate in Birmingham for approx. €50 million (UK)

Brixton plc has sold its interest in the Vaughan Trading Estate at Tipton, Birmingham, to the Kenmore Group of Companies for approximately €50 million (£35.75 million).

The 40.7-acre estate provides around 802,000 ft² of industrial, warehouse and office space that currently produces income of approximately €2.4 million (£1.7 million) p.a. The estate was originally bought by Brixton as part of its Industrious acquisition in 2005, and its sale represents the last of the substantial disposals from that portfolio.

CBRE advised Brixton on the sale while Knight Frank acted for Kenmore.

Source: Brixton

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