Real estate firm swoops for factory complex

Mercia Real Estate (MRE) has expanded its portfolio again with the purchase of an industrial complex near Wolverhampton city centre.

The property, which is located on Old Heath Road, sits on approximately 10 acres with buildings extending to 119,000 sq ft and forms part of Manders Industrial Estate.

Samuel Clark, CEO of Mercia Real Estate, said: “The acquisition of this property is aligned with our strategy of buying industrial sites with defunct or partially defunct buildings which we can repurpose to provide employment space for small businesses.”

The site forms part of MRE’s expanding nation-wide development programme of industrial sites and continues a successful development programme across the UK.

Planning will be submitted shortly.

The site was bought from Flint Group.

Knight Frank acted on behalf of Manders Industrial Estate.