A new development of industrial units is set to be built in Redditch following a land deal.
EDR Developments has purchased a site at Enfield Industrial Estate from Hanson UK to build more industrial units from 3,500 sq ft to 12,000 sq ft on a speculative basis.
A planning application for the half-acre site, which was once a concrete batching plant, has been lodged for consideration by Redditch Borough Council
Ian Parker, joint managing director of commercial property agency John Truslove, acted for Hanson UK on the sale.
He said: “With industrial space in north-east Worcestershire at a premium and very much in demand by investors and occupiers alike, this is a very good deal for EDR Developments.
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“Despite the issues caused by the pandemic, EDR and John Truslove have continued to create deals and do business in a marketplace where there are still many opportunities.”
The sale of 35 Enfield Industrial Estate to EDR Developments follows the company’s disposal last year of Royal Enfield Industrial Estate, which was also a speculative development, to Redditch Borough Council for £2.75 million.
Last year, EDR also acquired a 1.8-acre development site at Parker Place in Kidderminster for £455,000 which it has since sold on to a freight services group.
Andrew Jones of law firm Wright Hassall advised EDR Developments Ltd on the company’s latest acquisition. Hanson UK was advised by Lee Hayes at Knights plc.