Branston Square sale attracts property investor
Developer St Modwen has completed the £1.77m sale of its Branston Square investment to a private investor.
The shopping parade, in Branston, near Burton upon Trent, is part of a much larger 175-acre scheme that plans for 660 houses and 1m sq ft of industrial, storage and distribution units.
Ian Romano, development director at St Modwen, said: “We received strong interest from investors, and the completion of the sale of Branston Square demonstrates that a combination of capital value, income profile and projected return is ideally suited to the requirements of a private investor.
“Our focus is now on the next phase of speculative industrial development at Burton Gateway.”
St Modwen has submitted plans for more than 100,000 sq ft of industrial space in the next phase of development at its 1m sq ft Burton Gateway commercial business park, which is one of the largest warehouse developments in the Midlands.
