Development Securities has bought out Bryant Properties’ 50% interest in BDS Properties, the joint venture company through which the two parties owned Birmingham International Business Park (BIBP).
As a result, Development Securities is now sole owner of the park’s 9.31ha (23 acres) of land still available for development.
Development Securities director and chief investment officer Anthony Bodie said that further development depends on prelets. However, he confirmed that he is willing to sell freeholds on parcels of land.
BIBP is adjacent to Birmingham International Airport and the National Exhibition Centre.
EGi News 24/05/96
