A Black Country business park which counts McDonald's and Dunelm among its tenants has been sold in a £23.8 million deal.

Reedswood Retail Park in Walsall has been bought by the BP Pension Fund from the Church Commissioners for England.

The development, near junction ten of the M6, is fully let and houses a portfolio of national retailers.

The Church Commissioners, whose roots date back to the 1840s, manages a diverse portfolio of properties around the UK to produce money to support the work of the Church of England.

Chartered surveyor Griffiths Eccles and property agency JLL acted for the Church Commissioners while legal advice was provided by the real estate team at Newcastle-based law firm Sintons.

Partner Paul Liddle, who led the transaction, also handled the purchase of Reedswood Retail Park in 2005.

He said: "The Church Commissioners is one of the most prestigious landowners in the UK and we are proud and indeed privileged to act for them.

"By working closely with The Commissioners and their advisers, we were able to issue full contract papers on the day terms were agreed and exchanged just over three weeks later."