Plans have been submitted for the redevelopment of a Wednesbury trading estate to provide a new distribution warehouse.
Birmingham-based investor and asset manager Mercia Real Estate (MRE) acquired the freehold of the multi-let GWS Trading Estate in 2019. It has since completed a part disposal and regeared the remaining leases so that the site can be brought forward for redevelopment.
MRE is a privately owned Midlands-focused real estate investor and asset management business with interests in the commercial and residential property sectors.
GWS Trading Estate is located just off the Black Country New Road and comprises of 135,000 sq ft of accommodation across 30 units of up to 23,000 sq ft.
The proposals for the redevelopment involve the full demolition of the existing buildings and the subsequent construction of a purpose-built warehouse and distribution unit plus 65,659 sq ft of office space.
In addition, 128 car parking spaces and 20 cycle spaces will also be provided on the site.
The proposals are subject to planning approval but Mercia Real Estate anticipates that there will be strong occupier and investor interest in the warehouse unit once complete.
MRE recognises that the Wednesbury site is at the heart of the manufacturing hub of the West Midlands and provides a prime location near to the M6, as well as easy access to Birmingham and the motorway network connecting Sandwell to the whole of the UK.
Mercia Real Estate has completed £20m of acquisitions since inception in April 2018 and continues to deploy considerable funds into the Midlands real estate market.
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