Back
Get in Touch Menu

Real estate team advise on sale of major industrial estate

26 March 2025

Willans’ real estate team has recently advised a long-standing client on the sale of Keytec 7 Industrial Estate in Pershore, Worcestershire.

The multi-let business park comprises 64 industrial units and 6 office suites, of which all but one were let at the time of sale. In total, the estate extends to 140,000 sq ft and was sold for £12,765,000, representing a value of £91 per sq.ft.

The business park was sold to Marchmont Investment Management and will form part of its recently announced ‘Space Industrial’ offering, in partnership with Invesco EMEA. The joint venture specialises in providing modern and efficient warehouse space in UK urban locations.

Willans has acted for the vendor of the industrial estate – Crown House Developments Ltd. – for over 10 years, with real estate partner Alasdair Garbutt leading on this transaction.

Speaking about the sale, Alasdair said: “Having worked closely with Crown House Developments for many years – including on a number of lettings of units on their industrial estates – we were delighted to work on this transaction and ultimately achieve the outcome they were hoping for.”

Acting for local, national and global clients, our Legal 500 and Chambers-rated real estate team has outstanding technical expertise to advise on a huge range of property transactions and non-contentious construction issues.

 

Contact
Willans
Solicitors
About
Related services
Share this article
Resources to help

Related articles

Pioneering tattoo charity MTA shares client experience

Corporate

After launching Paradise Tattoo Studio from a small, single room in Cheltenham, tattoo artist Tanya Buxton was keen to explore how tattooing could help and empower people, both physically and…

Willans
Solicitors

Helping Joedan on their journey

Real estate

For almost three decades, Willans has advised a nationally renowned specialist in trade supply and home and commercial improvements. Here, in the first of a series of articles, we reflect…

Willans
Solicitors

Updates to stamp duty land tax

Real estate

Following the spring budget earlier this year, there have been changes to stamp duty land tax. With a new government having since been elected, there could be more updates on…

Tess Ciocci LLB (Hons), LLM
Trainee solicitor
Contact us