An established waste transfer site in Birmingham has been sold to a Singapore-owned metals recycling business in a multi-million pound deal sealed by commercial property agency Bromwich Hardy.
Jedi Temple Group has bought the 2.35-acre site at 24 Ebury Road in Kings Norton for £3.21 million.
Ed Bunbury, a partner at Bromwich Hardy, said: “This sale once again shows that robust confidence in the industrial property market continues to emerge despite international volatilities.
“Jedi Temple Group is a metals recycling business owned by a Singapore-based group and they were keen to make use of this established site, which already has all the necessary consents.
“24 Ebury Road has a solid concrete base and benefits from an open, lean-to building fitted with solar panels to the north.
“As well as the large open storage space, the front of the site has two temporary office buildings, with car parking, and there is secure gated access from Tunnel Lane.”
Mittal Vora, chief financial officer at Jedi Temple Group, said: “We are pleased to begin operating a metal recycling yard with the acquisition of the property at 24 Ebury Road in Birmingham.
“This acquisition marks the beginning of a broader expansion strategy, with plans to add more recycling yards over time.
“The company remains committed to supporting its customers in their sustainability goals by promoting the principles of reduce, reuse, and recycle.”
Ebury Road is located approximately five miles south of Birmingham city centre and five miles north of Junction 2 of the M42 motorway, which provides easy access to the M5, M6 and M40.
Bromwich Hardy sold the property on behalf of the Fox family.
Bower Cotton Hamilton provided legal advice for the purchaser, while Talbots Law acted for the vendor.
