Ten more years for Lindab at Oldbury industrial estate
A HEATING and ventilation distribution company has shown its commitment to a Black Country industrial estate by taking a long-term lease.
Lindab Ltd has signed a ten-year lease on Unit 9, Junction 2 Industrial Estate in Oldbury – a 17,856 sq ft fully refurbished warehouse in. the firm is relocating from another unit on the same site.
Lindab develops, manufactures, markets and distributes products and system solutions, primarily in steel, for simplified construction and improved indoor climate.
The firm’s Mike Goodspeed said: “Before we moved in the landlords extended and refurbished the unit to meet our requirements. We wanted to stay on the estate because it provides easy access to the national motorway network and provides the perfect base for our business.”
Lambert Smith Hampton’s (LSH) Birmingham office acted on behalf of the landlords Scottish Widows Investment Partnership and Centurion Properties to secure the letting. Altus Edwin Hill advised Lindab.
Alex Carr, director of industrial and logistics at LSH, said: “We are pleased that Lindab chose to remain within Junction 2 Industrial Estate. Long-term leases are a rarity so the company’s ten-year commitment demonstrates that this well-established estate continues to accommodate their business needs.
“Centurion Properties also treat occupiers like Lindab Ltd as business partners rather than counterparties in an adversarial contest. This approach is the surest way to preserve and enhance asset value.”
