A Telford warehouse and manufacturing facility comprising 386,662 sq ft has changed hands in a £32.5m deal.
Birmingham-based MK2 Real Estate advised vendor Corum XL, the international real estate investment trust, on the sale to an undisclosed buyer.
The freehold properties occupy 19.4 acres at Hortonwood 37, part of an established industrial hub next to Telford International Rail Freight Park.
The premises are let to Epwin Group, which manufactures windows, doors and fascia systems, with 13.5-years unexpired.
Mark Johnson, co-founder of MK2 and director in the firm’s investment team, said: “Corum acquired this asset in 2019 in a sale and leaseback from Epwin, with MK2 advising Corum. It was great to re-engage with the Corum team and bring the asset to the market, attracting good interest and achieving the asking price.”
Cushman & Wakefield advised the purchaser.
