Brixton has sold its stake in the Vaughan Trading Estate at Tipton, Birmingham, to the Kenmore Group for £35.75m.
The 40.7-acre estate provides around 802,000 sq ft of industrial, warehouse and offices and produces an annual income of £1.7m.
The sale is the last substantial disposal from the Industrious portfolio acquired by the developer in 2005.
CBRE advised Brixton; Knight Frank acted for Kenmore.
References: EGi News 19/12/06
