FILTRATION SPECIALISTS SNAP UP BLACK COUNTRY UNIT AS STOCK SHORTAGE SPIKES
A Black Country-based filtration firm has snapped up a Halesowen warehouse to extend its operation, prompting an urgent call for more industrial stock within the region.
Vee Bee Filtration swooped in to place the 17,000 sq ft unit on the Coombswood Business Park under offer as soon as it became available, reinforcing the heightened demand for such premises within the region and leading commercial agents Harris Lamb to reiterate its call for more.
The business, which manufactures filtration equipment for the industrial and commercial sectors and has been based in the Black Country since 1982, sought out the unit to aid its central operation in Old Wharf Road, Stourbridge.
Neil Slade, of Harris Lamb’s Agency team, said: “With such a scarcity of good quality stock in the region, those businesses seeking to expand or to establish a presence within the Black Country are extremely vigilant in identifying potential opportunities and making their interest known.
“In this case, Vee Bee had already expressed its desire to take on the property and was able to act immediately. Despite the uncertain backdrop of Brexit, the commercial property market remains robust with demand for mid-sized warehouses far out-stripping supply within the Midlands and it is showing no tangible signs of letting up.
“We are experiencing record take-up levels and this situation where an occupier is waiting in the wings to sign a lease immediately is by no means unusual. We desperately need more developers to follow in the footsteps of Mucklow in identifying industrial hot spots, refurbishing and developing appropriate premises with the expectation of quick take-up of strong rents” added Neil.
Harris Lamb and Bulleys acted on behalf of the landlord, AJ Mucklow.