Black Country commercial property deals point to buoyant future | 10 September 2013
Commercial property in the Black Country could be on the cusp of great things, news.silobreaker.com reports.
Recent reports have claimed that many British regions outside of London were still struggling with the commercial property industry, including historically strong areas such as those in and around Birmingham.
Now, it appears that the trend may be reversing, with a number of high profile contracts being exchanged in the Black Country to point towards a decidedly healthier market.
Two of these most recent deals involved large plots in Dudley. First was PHS Plc taking a 14,042sq ft unit at the town’s Coneygre Industrial Estate, whilst Baldwins Crane hire moved in to a 0.76 acre site that opens onto Birmingham New Street.
It is hoped that these new deals will highlight Dudley and the wider Black Country as a strengthening market for commercial property deals.
Commenting, Steve Perriton, who helped negotiate both Dudley deals, told expressandstar.com: “I hope this is an indication that investing in commercial property and providing the right quality of product will secure a good return and attract a quality tenant such as PHS.”
The deals also worked with redevelopment projects in the area which helped seal the deal on the PHS investment. The company’s property manager, Andrew Knight, claimed that the building of new offices and an improved roof was “key” in the relocation decision.
The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.
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