Mercia Real Estate (MRE) the Midlands focused real estate investor and asset manager, has agreed the unconditional purchase of a factory complex from Flint Group for an undisclosed sum.
The property, which is located on Old Heath Road, 1.5 miles south of Wolverhampton City Centre, sits on approximately 10 acres with buildings extending to 119,000 square feet and forms part of Manders Industrial Estate which provides easy access to Wolverhampton City Centre. J10 of the M6 motorway network is only five miles away.
Samuel Clark, CEO of Mercia Real Estate said, “The acquisition of this property is aligned with our strategy of buying industrial sites with defunct or partially defunct buildings which we can repurpose to provide employment space for small businesses”.
The site forms part of MRE’s expanding nation-wide development programme of industrial sites and continues a successful development programme across the UK.
Planning will be submitted shortly.