Hawne Trading Estate is latest West Midlands industrial investment to be snapped up
08 Oct 2021
Published in: Member News
Thursfields advises on multi-million pound deal
The commercial property team at Thursfields Solicitors has advised on the multi-million pound sale of a major Halesowen industrial estate as the West Midlands industrial property market continues to go from strength to strength.
Tony Gibb, head of commercial property, and senior associate Emma Hughes, acted for a Worcestershire family in the sale of Hawne Trading Estate to an undisclosed buyer.
Nick Jethwa, associate partner at agents G Herbert Banks Commercial, advised the sellers, with Duncan Bedhall, senior partner of Fisher German, acting on behalf of retained clients who purchased the estate.
Mr Jethwa said: “Hawne Trading Estate in Halesowen has been managed by G Herbert Banks, on behalf of a Worcestershire family, who decided to sell in the early part of 2021.
“It was a significant opportunity in the West Midlands industrial market, which has been experiencing high levels of investor demand.
“The site extends to approximately 7.5 acres, with buildings having a floor area of around 100,000 sq ft. Hawne Trading Estate offers asset management and development potential, with under-utilised buildings and areas of open land.”
Tony Gibb at Thursfields Solicitors said: “This sale was concluded efficiently within a matter of weeks and is indicative of the current strength of the West Midlands industrial market.
“We continue to be instructed by both sellers and purchasers as demand is currently outstripping supply in what is a very competitive market.”
Ends (230 words)
For further information, please contact: Dani James, Business Development Manager, Thursfields Solicitors
Email: email@example.com Tel: 01905 677066
Or ASAP PR – 07990 978257.
www.thursfields.co.uk Twitter – @Thursfields LinkedIn - www.linkedin.com/company/thursfields
Notes to Editors
Thursfields Solicitors is one of the region’s longest established and reputable law firms, with more than 140 staff in five offices across Worcestershire and the West Midlands. Thursfields Solicitors provides a full range of legal services to business and the private individual, including property, family, employment and commercial law as well as probate and litigation. The firm has offices in Worcester, Kidderminster, Halesowen, Solihull and Birmingham.
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