Hortons moves in for Brierley Hill industrial site
Birmingham-based property firm Hortons has added to its industrial portfolio, after snapping up an industrial estate in Brierley Hill for an undisclosed fee.
The 357,000 sq ft Thorns Road Industrial Estate site, located just south of Brierley Hill town centre near Dudley, is currently let to two established manufacturing occupiers; WHS Plastics and Sunrise Medical.
The site was last sold to Harworth group in 2020, in a deal valued at around £10m.
The acquisition adds to Hortons’ portfolio of more than 5.5 million sq ft of properties across the Midlands, which includes deals completed over the last two years for Sinfin Commercial Park in Derby, Hixon Airfield Industrial Estate near Stafford, Saxon Park in Corby, and Rearsby Business Park in Leicestershire.
“Thorns Road Industrial Estate perfectly aligns with our strategy of acquiring well located, high yielding industrial assets, with strong asset management potential,” said Steve Benson, chief executive of Hortons.
“We look forward to supporting the existing occupiers and exploring opportunities to further enhance the estate.”
