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PRIVACY
Commercial Property

Travis Perkins cements Black Country presence with warehouse deal

Builders' merchants has acquired its base in Dudley

Travis Perkins in Peartree Lane, Dudley

Builders' merchant Travis Perkins has acquired the freehold of its Peartree Lane premises in Dudley in a £1.3million deal.

The business had previously let the prominent roadside warehouse from Birmingham-based mutual Wesleyan Assurance Society.

MK2 Real Estate was instructed to sell the asset which comprises 15,953 sq ft of premises and a 13,993 sq ft yard on a one-acre site.

Travis Perkins, which has more than 550 branches around the 海角视频, previously had a 25-year lease on its Peartree Lane premises, expiring in 2026.

Mark Rooke, a director in MK2's investment team in Birmingham, advised Wesleyan on the sale.

He said: "With Travis Perkins' lease approaching expiry, it was a good time for Wesleyan to sell the asset and an opportunity for the tenant to purchase the freehold, securing its continued occupation at a key trading site."