String of industrial lettings secured at refurbished estate

Property investment and development company Goold Estates has secured more than 13,500 sq ft of lettings at a newly refurbished industrial estate.

The Oldbury-based firm has let four of the five available industrial/warehouse units in the first phase of refurbishment at Cookley Wharf Industrial Estate on Leys Road, Brierley Hill.

Environmental consultancy Dakro Environmental has agreed the largest of the lettings having signed a five-year lease on Unit 12B, a 6,286 sq ft property.

Strongman Removals and Storage, Drift Away Water Cremation and home window service provider Knightsbridge Apertures have agreed separate five-year leases on three units, each one measuring 2,443 sq ft.

Goold Estates is refurbishing a single existing warehouse building at Cookley Wharf Industrial Estate to create ten smaller industrial/warehouse units.

Goold Estates has already started work on phase two of the refurbishment which will deliver an additional five new industrial/warehouse units ranging in size from 3,347 – 5,242 sq ft.

Anthony Williams, property director at Goold Estates, said: “We are very pleased to have attracted four new occupiers to Cookley Wharf Industrial Estate. This was less of a refurbishment project and more of a redevelopment of the estate to create smaller units for businesses relocating or expanding their operations. To have already completed lettings for four of the five available units, supports our decision to refurbish and reconfigure the space and demonstrates the level of demand for accommodation of this size and quality. We will have units available in phase two from the end of November.”

Max Shelley, associate at Bulleys, said: “There is such a shortage of available stock of this type in the marketplace that it is no surprise that the first phase at Cookley Wharf Industrial Estate has been so successful. We are hoping to agree terms shortly on the last available unit in phase one and there is already a good level of interest in the next phase. We are encouraging occupiers to come forward with an expression of interest to ensure that they don’t miss out.”