22 Feb 2021
M7 secures national trade counter occupier 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 10 year lease with a new tenant, Toolstation Limited, 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. This letting to a leading DIY and home improvement chain is a testament to the good quality multi-tenanted industrial accommodation, excellent location and strong occupational market as well as to the property’s emerging position as a key trade counter location. As such, the asset continues to perform well and the remaining vacant units are attracting strong interest from other national trade counter operators.
Sadie Fitzpatrick, Senior Asset Manager at M7 Real Estate commented: “Upon identifying the opportunity to reposition parts of the estate towards the trade counter sector we have now accomplished further transformation and completion of another key stage in the repositioning of the asset, which is testament to the high quality and excellent location of Wednesbury Trading Estate. We are delighted to welcome Toolstation Limited to Wednesbury and wish them well for their new outlet.”