Wednesbury wrapped up

A prominet out-of-town retail site in Wednesbury, located just six miles north of Birmingham city centre, at Jn9 of the M6. The asset was bought by Wesleyan Assurance in a significant investment deal for a purchase price of £10.3m in August reflecting 6.8%.


The 50,000 sq ft park let to Decathlon and B&M, is amongst the most dominant retail offer in the West Midlands, nestled between neighbours IKEA and  Gallagher Shopping Park.


“The location of the park is extremely well- connected with high roadside visibility with more than 50 million cars passing the site each year. The retail park has good underlying rental growth potential, given the prominent placement and catchment profile. As a result, GCW were able to secure the property for our client in competitive bidding.” said Ben Legard, senior surveyor, GCW.