An M42 corridor warehouse scheme is being refurbished as demand for mid-box units continues to grow.
Birmingham-based property developer Evenacre has acquired the 100,000 sq ft site at Redditch, close to junction 3 of the M42 motorway.
The 3.3 acre property on the south moons Moat estate is now in the midst of a £1m refurbishment. Work on four units will be completed this spring.
Industrial and Logistics director, Richard James-Moore from the Birmingham offices of JLL, who is joint agent on the scheme with John Truslove said: "The M42 is really starting to hot up, with a number of speculative schemes starting, however there is still a lack of good quality distribution space from 8,000 to 75,000 sq ft available to let immediately and this certainly makes Evenacre's latest acquisition stand out."
