Office building snapped up by freight company
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A West Bromwich office building has been sold to an Oldbury-based freight services business.
City Logistics has paid an undisclosed six figure sum for 6 St Michaels Court, a modern purpose-built office building.
It is situated within easy walking distance to the Tesco New Square development and all local amenities, including the Metro services to Birmingham and Wolverhampton City Centre.
James Mattin, chief executive of Black Country property specialists Bond Wolfe, said: “We are delighted to have concluded another deal during lockdown.
“Historically, St Michaels Court has proved popular with owner occupier and investors alike as the parade provides affordable modern accommodation.
“The spate of office to residential conversions in the town centre has left a shortage of office space, so occupiers, even in this climate, are having to move fast to secure centrally located accommodation.”
He said that City Logistics plans to use 6 St Michaels Court either as local office for its operations, or will let it via Bond Wolfe if there is demand from a suitable tenant.
Mattin added: “Despite the national restrictions, we are still seeing plenty of active investors looking to acquire properties across all sectors, and alert to all opportunities.”
Law firm HCB Group acted for the seller, a private investor, and Ashley James Solicitors advised City Logistics.