Wolverhampton property developer 'urgently' seeking industrial sites
A Wolverhampton based property developer says it is urgently seeking sites to develop after successfully selling off all of its units at an industrial park in Cradley Heath.
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Westbeech Group says it has now sold all freehold units on its redeveloped Westminster Industrial Estate in Cradley Heath.
The company acquired the estate in 2019, which included two existing industrial units totalling 35,000 square feet, and a one acre yard.
The original units were let to two existing tenants and in 2023 Westbeech received planning permission to develop the one acre yard into eight industrial units covering 19,000 square feet.
Ian Houghton, managing director of Wolverhampton-based Westbeech Group, said they are urgently seeking similar sites that can be redeveloped, as well as multi-let industrial sites to purchase.
“We saw an opportunity to take advantage of the increasing demand for quality industrial and warehousing units in the West Midlands," he said.
“There is a shortage of new stock and the response to our development has been tremendous.
“The units were completed in 2024, with five sold ahead of completion, and the final three remaining units, totalling 7,656 sq ft, are under offer to one company, with completion expected in early April 2025.”
Westbeech Group owns upwards of 300,000 sq ft of commercial space across the Black Country and Birmingham and acquires sites for new buildings.
It also has a residential division which acquires sites and builds from one home to 30 for the discerning buyer looking for a luxury family home.
Most recently in January this year, the group launched the first Nest Self Storage centre in Bloxwich, Walsall, with others in the pipeline, subject to suitable sites being located.
Commercial property agents Bulleys advised Westbeech Group on the sale of the eight units.
