Chrome Development, Minworth (Birmingham)Property:New warehouse development
Area:103,341 sq ft
Claymore Role:Planning & Development, Investment Management (Development Monitor Role)
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Following Neal Shegog’ departure from Rockspring Property Investment Managers LLP, where, in his role as Fund Director, he had funded the development of this 103,341 sq ft industrial and warehouse shed, Claymore were retained to oversee its letting to DHL International on a new 10-year lease. The lease set a new high for the ‘Golden triangle’ of £6.50 per sq ft and led to a highly profitable sale to a Local Authority treasury department.