goold estates

Goold Estates completes sale of West Midlands office building

Goold Estates has announced the off-market sale of a prominent five-storey West Midlands office building, as it continues to focus its resources on the region’s industrial and logistics market.

The property investor and developer has sold Seventeen Lichfield Street in Walsall town centre to an undisclosed purchaser.

The 9,909 sq ft office building is let to four tenants, with 1,000 sq ft of office space vacant and available to let. Long-term tenants include Midland Mencap and The Staffing Group, while recent lettings have been secured with Back Office Pro and Pathway Group.

Goold Estates has owned Seventeen Lichfield Street for three decades and formerly used the building as its headquarters. Its sale follows the recent disposal of neighbouring Forster House in Hatherton Road, Walsall.

Anthony Williams, Property Director at Goold Estates said that the sale of Seventeen Lichfield Street would enable the firm to concentrate on new build warehouse schemes and multi-let industrial acquisitions across the West Midlands. He said: “Goold Estates has owned Seventeen Lichfield Street for around 30 years, which also served as our head office for part of this time, and we leave some valued and long-standing tenants. We have now sold almost 20,000 sq ft of office premises within Walsall over the last 18 months, as we focus our attention on other opportunities in the industrial and logistics sector.”

Andrew Price of AP Investment acted on behalf of the purchaser.


Other News

01. 02. 24

Goold Estates acquires Co-op store in Stourport-on-Severn

Property investment and development company, Goold Estates, has completed the acquisition of a Midcounties Co-operative store in the centre of Stourport. The company has purchased a c.29,000 sq ft retail unit with adjoining car park on a prominent, 2.1-acre site cornering Tan Lane and Lombard Street. Goold Estates is planning […]

Read

26. 01. 24

Plans to create more than 300 jobs by transforming vacant brownfield site get WMCA backing

Plans to transform a brownfield site in Bilston into a bustling industrial park creating more than 330 new jobs are being backed by the West Midlands Combined Authority (WMCA). The 15-acre site off Brook Street, will feature 15 industrial and distribution units offering 166,500 square feet of accommodation to suit […]

Read

08. 12. 23

Goold Estates reveals plans for £28m industrial/urban logistics scheme at Bilston Urban Village

Goold Estates has brought forward plans to regenerate a vacant brownfield site in Wolverhampton that could create up to 300 new jobs. The Oldbury-based property investment and development company has submitted a detailed planning application for the speculative development of a 12-acre plot at the Bilston Urban Village employment site, […]

Read
More News