Blue Marble sells out latest phase of new business park

BIRMINGHAM-based Blue Marble Asset Management has sold out the second phase of its site in Bristol.

The final letting at Caxton Business Park in Warmley has been completed with the aligning of a deal by St John’s Ambulance.

Acting on behalf of Axten Properties, and represented by Alder King, Blue Marble sold the freehold on the 2,972 sq ft unit at the quoted price of £110psf.

This is the final sale on the 35,000 sq ft development, which occupies a 2.4 acre site.  20,000 sq ft was pre-sold to WBC Automotive for a modern workshop and office space, while the remaining space was developed speculatively by Blue Marble into five high quality industrial units, each of about 3,000 sq ft.

Tim Matthews, chief executive of Blue Marble Asset Management, said: “The sale of the whole of phase two prior to practical completion more than justifies the decision to speculatively build small industrial units on this site, and means that this a very successful development for our clients Axten Properties.

“Phase two at Caxton Business Park is a very rare example of speculative development of a small unit scheme, meeting the demands for new buildings in a market sector which is generally poorly catered for by developers.”

Based in Birmingham and Worcester, Blue Marble presently has more than £60m of property assets under management.

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