One of Birmingham’s leading family owned property companies has given Wolverhampton’s commercial property market a much needed boost with the acquisition of a three storey building on Queen Street, in a deal worth over £1million.
Hortons’ Estate has acquired the 4,320 sq ft building from Signet plc, the UK’s largest speciality jeweller, which completes the missing link in its property holding on Queen Street.
The building, which is let to Herbert Brown Jewellers, is situated in a prime location on the corner of Dudley Street and Queen Street.
Richard Norgrove, property director of Hortons, said: “The opportunity to complete the gap in our block of property on Queen Street was too good to miss, and we are pleased to have been able to acquire a well located site with such a well known tenant.
“This latest acquisition reinforces our commitment to Wolverhampton and demonstrates that we are continuing to acquire and do deals when the right opportunity arises,” he added.
Properties under Hortons’ ownership in Wolverhampton now include property on Dudley Street, Victoria Street and School Street.
Rowley Hughes Thompson acted on behalf of Hortons.