A 457,000sq ft Wolverhampton warehouse scheme dominated by Great Bear Distribution, has been sold.
Goold Estates has bought the units 1-7 Spring Road in Ettingshall, Wolverhampton, have been acquired from London and Oriental Properties for an undisclosed sum.
Goold Estates is a commercial property, investment and development company based in Oldbury, near Birmingham, specialising in office and industrial redevelopment and asset management across the West Midlands.
The deal, part-funded by Handelsbanken, means that Goold Estates owns and manages a million square feet of space at multi-let industrial and trading estates across the West Midlands, with voids of less than 1% across the portfolio. The seven Spring Road units each have parking, service yards, loading bays, and a mix of level access and dock levelers. Each building has separate access and servicing arrangements.
Goold Estates recently completed the Steel Park development at Wednesfield.