Redditch’s only freehold industrial park is nearing completion following the sale of one unit to an expanding lighting specialist company - and with the final remaining unit also under offer.
Target Park - which is owned by Abacus Developments, the development arm of the Sir Robert McAlpine group - has attracted a variety of businesses to its two phases of development with the penultimate remaining being acquired by Thorlux Lighting for £665,000. Ian Parker, of John Truslove, and Kenny Allan, of joint agents KGA, represented Abacus Developments.
Joint agent Ian Parker said: “This deal, together with the final unit of 13,901 sq ft on Phase 2 also being under offer, means that Target Park is nearing completion, which is testimony to the quality of the accommodation.
“The Redditch market is showing signs of improvement, and this news will give it a further confidence boost.”