Goold Estates has sold the first part of its Stamp Factory industrial scheme in Walsall.
Food supplement supplier Synergy Biologics has acquired the 24,817 sq ft, two-storey, two-bay warehouse in Midland Road for an undisclosed fee.
In December, Walsall-based Goold Estates bought the entire Stamp Factory site which covers 64,647 sq ft.
Managing director Dominic Goold said: "Having purchased the complex, we have obtained planning permission for a service yard which has made the unit significantly more useable.
"We are now out to tender on this scheme and will be refurbishing the inside of the reconfigured building for Synergy so that it meets their exact requirements. These works will be completed before the end of the year.
"We have worked with Synergy Biologics since they first set up in July 2011, leasing them a unit on our estate at Fairground Way nearby.
"We then let them our own unit on Fairground Way entailing our relocation to the centre of Walsall, when they needed to expand on the estate. So we were delighted to assist them once again."
Last month, Goold Estates completed a deal to buy the Lakeside Plaza complex in Cannock, home to the town's Silverbales ice rink.
Adnan Wahid, director of Synergy Biologics, added: "This new facility...will help us to manufacture our new product lines.
"We have an excellent relationship with Goold Estates and so it was ideal to learn that they had recently purchased this facility which with their help can help with our expansion plans."
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