Multimillion-pound sale of well-known industrial estate completes
Commercial property specialists at mfg Solicitors have handled a deal worth around £6m which has seen the Delph Industrial Estate in Brierley Hill purchased by property group Telereal Trillium.
The seven-acre estate, which has 40 units let by a range of local businesses, has been sold by Black Country businessman Tony Whittaker, who opened the once derelict site in 1982 to help create jobs.
Partner Ben Rothery and colleague Rachel Dear acted on behalf of Whittaker on the deal which was completed in just four weeks.
Rothery said: “The Delph Industrial Estate has provided jobs for hundreds of people over the past 40 years and been given a terrific base and launchpad for many businesses. Tony and his family have built the estate up from scratch and rightly gained a reputation as a businessman who has the community at heart.
“We were delighted to play such a central role in the deal and to complete it in just one month. It now allows Tony to move onto other projects, whilst also ensuring ownership is transferred to well-established company like Telereal Trillium who understand the estate’s history and importance.”
Whittaker added: “We have built the estate up from what was a series of derelict buildings and yards after the sad demise of the Round Oak works in the 1970s. It gives us immense pleasure to have completed the project and leave things in good hands.
“We have managed the site through some extremely tough times over the past four decades but it has been great to see so many businesses continue to grow and thrive from it – including our own family business, Midland Fabric and Bar.”