Pipe Dream snaps up commercial complex
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Hexagon Commercial Property has sealed a deal for a commercial complex in Lye, Stourbridge.
39-41 Valley Road has been sold to local business Pipe Dream.
The building, which was previously used for manufacturing and associated offices, will be refurbished and let out as part of the company’s expansion plan and growth of other divisions including Pipe Dream Fittings, Pipe Dream Furniture and Pipe Dream Forestry.
The complex totals 7,135 sq ft on a self-contained secure site.
Stewart Millward, director of Pipe Dream, said: “Our HQ is based in Brierley Hill and as part of our expansion plan we were looking for additional space.
“We decided to purchase 39-41 Valley Road because of its large yard space and development/growth opportunities, which fit perfectly with our intention to grow our other divisions. We plan to work with Harvey and Hexagon on growing the commercial property portfolio in the local area.”
Harvey Pearson, director at Hexagon Commercial Property, said: “Having received significant interest in the property we are delighted to have finalised the sale to Stewart and James which helps kickstart their investment portfolio. We are still experiencing very high levels of demand for freehold property and this sale further demonstrates the strength of the industrial market.”