The Co-operative Estates secures major West Midlands industrial sale
The Co-operative Estates has completed the sale of the former Co-operative Food regional distribution centre at Halesowen to Dawn Meats.
The Amber Way property was constructed in the mid 1970’s and extends to 99,000 sq ft on a site totalling four acres. It provided storage for frozen good and was capable of chilling goods down to minus 25 Celsius. It closed as part of the comprehensive modernisation and rationalisation of The Co-operative Group’s national distribution network, and its consolidation of its Midlands distribution operation into a new 500,000 sq ft regional distribution centre at Castlewood at J28 M1.
Geoff Player, Director of Commercial & Investment Property with The Co-operative Estates, said:
“This is our eleventh major freehold industrial property sale since we kicked off our UK warehouses campaign in 2013 and leaves only one freehold property remaining from our legacy distribution estate.
“We have capitalised on the good level of demand for large second hand industrial space driven by the lack of speculative development over the last five to six years.”
Mark Fitzpatrick, Associate at GVA who - along with lead agents Colliers International - acted on behalf of The Co-operative Estates, commented:
“The property attracted good levels of interest in the latter part of the marketing from both occupiers able to utilise the existing frozen facility, and occupiers looking to remove the freezers from the building and utilise the property as a traditional distribution building.”
Isla Roebuck, Managing Director of Dawn UK, said:
"This property addition for Dawn Meats represents an excellent value alternative for freezing, distribution, and storage of our products, and brings the security and integrity of our customer products in house. Its central location and motorway access is ideal to service our customers and plants across the UK."
Further details on The Co-operative Estates’ national warehouse disposals are available at www.ukwarehouses.com