Westcore Europe, an affiliate of Westcore Properties Group, together with Gulf Cooperation Council (GCC)-based strategic partner, 3S Capital, has completed the acquisition of Bretby Business Park in Bretby, UK for £23.5 million (appr. $32.7 million US).
Located on Ashby Road in Burton upon Trent, DE15 0YZ in the Midlands, the property comprises a total leasable space of 324,000 square feet situated in 23 buildings across the business park. There are also 864 parking spaces on the 30.76-acre site.
Marc Brutten, Founder and Chairman of Westcore Europe, states, “This asset offers a high-quality income stream from the existing tenants, most of whom have operated at Bretby for at least 15 years. It also provides several opportunities to improve the business park over time, and provide existing and new tenants with the space to fit their needs.”
Bretby Business Park is located 0.8 miles east of Burton upon Trent, along the A511 trunk road to the M1 motorway, in the South Derbyshire district of the Midlands. With frontage on the A511, the property offers easy access to the M1, M42 and M6 motorways, making Bretby an excellent strategic location for businesses.
Among the major occupiers in the area are Amazon, Palletforce, Molson/Coors, B&Q, Argos, Boots, Clipper Logistics, and TNT/FedEx.