A London property investment group has boosted its portfolio with the acquisition of 33,000 sq ft at a West Midlands industrial site for an undisclosed sum.
The mixed-use premises on The Wallows estate in Brierley Hill is the latest of four industrial estates acquired by Minton across the region.
To finance the purchase Minton approached its banking partner Lloyds TSB Commercial Banking for a loan, having previously received similar support for three earlier purchases, two of which were also in the West Midlands.
Mark Thompson, financial director of Minton, said: “The new estate is a superb addition to our portfolio, and it increases the range of flexible commercial space options we’re able to offer to potential occupiers in great locations across the West Midlands.”
Mike Murphy, head of Property for Lloyds TSB Commercial Banking in Birmingham, said: “Minton has shown that strong, well-run businesses can achieve solid growth even in what remains a challenging economy.
“This is testament to its knowledge of the industry and ability to identify and successfully take advantage of good investment opportunities.
“Our teams of specialist property relationship managers across the country are also able to offer businesses support and guidance specific to the sector.”