31 Mar 2021
Howdens join the trade counter line up at Wednesbury Trading Estate, Birmingham
M7 Real Estate (“M7”) the pan-European investor and asset manager specialising in regional multi-tenanted real estate, announces that it has agreed a 15 year lease with a new tenant, Howden Joinery Properties Limited (“Howdens”), at Wednesbury Trading Estate (“Wednesbury”) on behalf of Tristan Capital Partners’ core-plus Fund, Curzon Capital Partners V Long-Life LP.
Wednesbury Trading Estate is located approximately 10 miles to the North West of Birmingham and comprises 50 industrial units of varying sizes totalling c. 437,500 sq ft. Following the recent letting to Toolstation Ltd, this letting of two units totalling 7,921 sq ft to a leading kitchen and joinery chain, is a continuing testament to occupier demand for properties providing excellent accommodation and location. As such, Wednesbury continues to perform well with occupancy now at circa. 95%.
Sadie Fitzpatrick, Senior Asset Manager at M7 Real Estate commented: “This transaction solidifies the repositioning of parts of the estate as a trade counter location and is testament to the exceptionally strong levels of occupier demand for Wednesbury Trading Estate. We are excited to welcome Howdens to Wednesbury and look forward to securing additional trade counter occupiers in the future.”