Birmingham-based Coltham Developments has paid almost £10m to buy Britvic Soft Drinks’ warehouse complex at Tamworth’s Centurion Park.
Coltham has paid £9.786m for the 10.5-acre site and the 180,000 sq ft building, which Britvic will now pay £818,000 to occupy until the end of April 2008.
Coltham will then refurb the premises, extend the warehouse and introduce dock-level loading to create a 228,000 sq ft distribution centre.
Savills director Neil Starkie believes the presence of Ocean Finance and Bid-Up TV will help attract a high-profile occupier, as will the unrestricted consent for storage and distribution uses.
Tamworth Centurion Park is located next to J10 of the M42.
Savills acted for Coltham, and Britvic was represented by Jones Lang LaSalle.
