Alpha deal in Redditch

Lakeside aerial

WEG, the global market leading supplier of electric motors and associated products, has acquired a 128,241 sq ft/11,914 sq m warehouse and distribution facility at Lakeside Point, Redditch.

The company, which is headquartered in Brazil, is expanding its operation, moving from its current 46,940 sq ft/4.360 sq m base, spread across four units, at the nearby Manorside Industrial Estate.

WEG has taken a ten-year lease at the 1,97 hectare/4.87 site from Alpha UK Property Fund Asset, at a rent of £4 per sq ft.

Alpha will give the building a £400,000 facelift before the tenant moves in early next year.

The Birmingham offices of Colliers International and Jones Lang LaSalle advised the landlord on the deal. Continue reading

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