Real estate company acquires third unit in Worcester business park
A real estate company has acquired a unit of a £120m building in Worcester, located off junction six of the M5.
Liberty Property Trust acquired a pre-let industrial unit at the 140,000 sq ft building Worcester Six business park – taking its total to three industrial units in the building.
Jane Harrison, director of Liberty Property Trust, said the acquisition is part of the company’s plans to add a further half a million sq ft of industrial and warehouse space to its portfolio over the next two years.
“We know the location very well, thanks to the speculative developments we have recently completed with our joint venture partners Stoford Developments at Worcester Six,” she said.
“When the opportunity arose to buy the building we knew it would be the right fit for our growing portfolio. This asset, alongside our development starts in Northampton, Widnes and Lichfield, gives Liberty a strong presence in the industrial and logistics market.”
Once fully developed, it is hoped that Worcester Six will provide 1.5 million sq ft of accommodation and create up to 5,000 jobs.