Colmore Capital and Maven join forces to acquire eight industrial units in the West Midlands

Colmore Capital and Maven Property joint venture has acquired a 44,000 sq ft portfolio driven by a high reversionary yield and strong vacant possession values.

The portfolio is comprised of eight units totalling 43,751 sq ft of industrial space, located in Strawberry Lane Industrial Estate and in Key Industrial Park in Willenhall, Wolverhampton. The units are predominantly let to the country’s leading manufacturer of heated towel rails, designer radiators and accessories.

The acquisition will capitalise on robust demand for industrial space in the West Midlands, and Wolverhampton in particular, which is among the largest markets for industrial space in the UK.

The wider Wolverhampton and Black Country area is a popular location for occupiers, with a high density of local businesses, strong transport links, a skilled labour force, and well-established supply chains. These attributes make it attractive for industrial occupiers, supporting high demand and efficient UK-wide distribution. The area’s established commercial ecosystem and logistics infrastructure also offer long-term value and resilience for investors.

Matt Grainger, Director at Colmore Capital said: “We are delighted to have successfully acquired this portfolio in the West Midlands, a region that continues to demonstrate strong demand and resilience as an established manufacturing and logistics hub. This acquisition aligns with our long-term strategy to expand our footprint in key regional markets, and we look forward to unlocking further value through active asset management and investment.”.

The deal was supported by Wilkes and Mapp, with MK2 and Bulleys on the sale side.