Speculative industrial scheme sold to joint venture

Trebor Developments and Seddon Developments have sold their Prime Point 14 speculative industrial development to Aver Property Limited Partnership.

The two units of 66,628 sq ft and 76,742 sq ft will be built during 2022 by Seddon Construction.

Bob Tattrie, managing partner at Trebor, said: “Prime Point 14, Stafford, is a prime location being only one mile from Junction 14 of the M6. The two mid-size units are on a very established industrial park and will meet market demands, the area suffers from little choice of quality industrial units in this area. We look forward to delivering these”.

“Our flexible and opportunistic approach enables us to be responsive to prospects and capitalise on the growth in this area, securing our position as market leaders,” said Martin Jepson, founding partner at Ergo Real Estate.

Ergo Real Estate was represented by Savills’ Birmingham office.