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Birmingham Post
Birmingham Post
Business
Lauren Phillips

Industrials REIT acquires Beacon Business Park in near £8m deal

Beacon Business Park has been sold to a UK real estate investment trust for £7.9m.

The 90,847 sq ft industrial estate located in Caldicot has been sold to the London Stock Exchange listed Industrials REIT, in one of the largest commercial property transactions in Wales in the last six months.

Developed by a local property company 15 years ago, the business park provides 23 units ranging in size from 1,000 sq ft to 25,000 sq ft, generating an annual rent of £506,720.

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