£1m investment sees industrial estate fully let

After investing more than £1m on extending one of its distribution units in Wednesbury, Folkes Properties has fully let its Britannia Park Estate.

Unit 1 has undergone a 19,000 sq ft, extension carried out by A&H Construction, taking the total unit space to 65,500 sq ft, the largest on the Britannia Park estate.

Current tenant Bunzl UK has extended its lease after Folkes funded the refurbishment cost.

The last remaining unit on the estate, Unit 6 has also been let, to Traffic Management Products. After significant investment and refurbishment of the unit by Folkes, TMP decided to take the 15,264 sq ft unit on a ten-year lease.

Dan Robinson, managing director of Traffic Management Products, said: “Britannia Park offers a wide range of good quality business space on a secure site and its location makes it very convenient for the major road networks.”

Adam Priest, asset management director at Folkes Properties, said the improvements were undertaken as part of their active management programme.

“We are very pleased with the work carried out at Britannia Park and pride ourselves on investing into the maintenance of our property portfolio to ensure the highest standards are reached for the benefit of our tenants and also to help attract new occupiers to our estates and properties.”

Other tenants include Amazon, Bunzl UK, Solus (London) Ltd and Indesit Company UK Ltd.

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