The new owner of a well-known mixed-use business park has vowed to reposition the estate within the market and invest in upgrading the site.
Dominic Goold, managing director of Goold Estates, made the pledge after his company paid £1.95 million for the Lakeside Plaza estate in Cannock which is home to the Silverblades Ice Rink and Siemens.
He said: "Our intention is to reposition the estate......upgrade the units externally and internally as well as undertaking a proactive marketing campaign to fill the voids with appropriate tenants.
"We were attracted by its highly visible position adjacent to the M6 Toll motorway and the A5. Anyone driving along the M6 Toll can’t fail to notice it."
He added: "We continued to expand our property portfolio, particularly during the recent difficult period. This has meant investing time and money to refurbish and upgrade or to redevelop our properties.
"Following comprehensive works at Black Country House it was fully let ahead of schedule."
Lakeside Plaza sits on 5.1 acres and includes 61,412 sq ft of retail/warehouse accommodation with occupiers such as Bridgtown Bikes, a children’s play centre and a self-storage facility alongside circa 280 parking spaces.
It provides an annual rental income of just under £450,000. The undisclosed deal was completed post-auction by Acuitus.
Walsall-based Goold Estates has also taken over the running of the self-storage unit at Lakeside Plaza which will be rebranded Chase Space and will target business and domestic customers.
The company purchased the Stamp Factory scheme in Walsall last December and is currently tendering for a contractor to carry out access improvement works and to refurbish the units.
The vendor was Pritchard Developments (Midlands), part of the Pritchard Group, which has undertaken many property projects in Cannock.
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