goold estates

Sleep Design wakes up to refreshed business unit

One of the UK’s biggest distributors of beds and mattresses has agreed a new 10-year lease at Beecham Business Park, in Aldridge, commercial property company Goold Estates has announced.

Sleep Design, an established online bed retailer, has extended its lease on a 45,000 sq ft business unit. The fully refurbished unit includes a new showroom and offices, replacement roof, re-cladding and LED lighting throughout.

Goold Estates acquired Beecham Business Park in 2017, in a deal worth £2.4 million. The estate has 105,000 sq ft of industrial and office space on a 6.5-acre site.

Following refurbishment, the rent at Beecham Business Park will be in excess of £400,000 per annum. It is fully let with 15 tenants. Occupiers include Dennis Eagle, Westway Nissan and Oak Furnitureland.

Dominic Goold, director of Midlands-based Goold Estates, said: “We are delighted to have agreed a new 10-year lease with Sleep Design and managed to conclude the refurbishment of the unit and other parts of the site while Sleep Design remained in situ.

“Beecham Business Park has proved to be a positive addition to our portfolio of good quality sites across the West Midlands region, which we have acquired and improved while working alongside tenants to meet their requirements.”

Established in 2005, Sleep Design has built a reputation as one of the biggest independent distributors of beds and mattresses in the UK. The company, which supplies many online businesses and high street retailers, such as Tesco, holds thousands of products in stock, distributing over 1,000 beds and mattresses each week.

Stuart Hubble, managing director of Sleep Design, said: “When we heard we were having a new landlord we were quite naturally a little apprehensive. However, after many very open and honest discussions between myself, Dominic Goold and Anthony Williams (operations director), we were made to feel comfortable that we were dealing with a professional outfit that genuinely wanted to improve our building and work with us with a long-term view.

“We feel we have established a good working relationship and are looking forward to working with Goold Estates over the coming years and, as we grow, we feel we have a landlord who will look to accommodate us further and work closely with us with both our and their interests in mind.”

Beecham Business Park is one of several multi-let industrial estates to be acquired by Goold Estates. The company purchased Redmill Trading Estate site in Wednesbury for £1.79 million from Tayto Group in 2015. The 130,000 sq ft site was acquired as a completely vacant site but was refurbished and fully let in less than a year. Occupiers include Screwifx, Combat and Morgan Sindall Properties.

Goold Estates also acquired Lakeside Business Park in Cannock. The 3.8-acre site includes 87,774 sq ft of retail, leisure, office and warehouse accommodation. Occupiers include Euro Car Parts, Newlife and Electrium, a division of Siemens.

More recently Goold completed the speculative multi-million pound development of Steelpark in Wednesfield, delivering 70,000 sq ft of industrial/warehouse units.

For more information about Steelpark please visit www.steel-park.co.uk or contact Goold Estates on 121 217 8888 or email info@gooldestates.com.

If you want to read more about a more recent construction, check out our article on a new industrial unit in the West Midlands which is under construction.

Other News

16. 12. 22

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 […]

Read

06. 12. 22

Goold Estates helps Tile Rite to secure new headquarters

The UK’s leading retail tiling supplier has chosen to expand its business by launching a new headquarters in the West Midlands. Tile Rite has signed a lease with landlord, Goold Estates, on a 50,000 sq ft warehouse, office and showroom at Beecham Business Park in Aldridge. The family-run tiling wholesaler […]

Read

21. 10. 22

Community round-up: New IT equipment for user-led disability charity

Staff and volunteers at a Dudley-based charity for disabled people are set to benefit from the delivery of new IT equipment following a donation by Goold Estates. Disability in Action provides tailored support programmes for adults in the borough with physical or sensory disabilities. Part of the Queens Cross Network, […]

Read
More News