MK2 Real Estate, a Briitish commercial property investment firm, has completed the acquisition of Hastingwood Industrial Park in Erdington, Birmingham for 14.75 million pounds ($19 million).
Hastingwood Industrial Park is located on a 12.28-acre site on Wood Lane, in a prime distribution location close to Birmingham city centre.
MK2 Real Estate purchased the asset on behalf of Barwood Capital's 2017 Regional Property Fund, for its multi-let industrial programme with Caisson Investment Management.
As part of the transaction, MK2 Real Estate has also been instructed to manage the 380,000 square feet industrial estate, which is also home to over 130 small and medium companies.