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Astle Park, in the heart of West Bromwich, has been acquired by UK-based pension fund managers Hermes Property Asset Management in a pounds 17 million deal which reflects a new level of national confidence in the town's retail market.
International property consultants King Sturge awarded the contract on behalf of Barbirolli Square owner Hermes Property Asset Management Ltd.
Shreeves' clients include some of the largest tenants, developers and public entities in the United Kingdom, including Westfield Shopping Towns, Hermes Property Asset Management, Delancey Estates, Land Securities, Grafton Property Advisors, F&C Property Asset Management, Bank of Scotland, Reckitt Benckiser, Woolworths, KPMG, the Royal Borough of Kensington and Chelsea, the Abbey School Reading and the College of North West London.
1 million sq ft park bought by Hermes Property Asset Management and Britel Fund Trustees for pounds 41.
Saltley Business Park in Birmingham has been sold by the A & J Mucklow Group to Hermes Property Asset Management for pounds 41.