Maven Capital Partners has formed a joint venture with Colmore Capital to acquire eight industrial units in Willenhall for an undisclosed price.
The units, which provide 43,751 sq ft of industrial space, are located in Strawberry Lane Industrial Estate and Key Industrial Park to the east of Wolverhampton. The units are predominantly let to a manufacturer of heated towel rails, designer radiators and accessories.
Ben Aspell, from Maven Capital Partners, said: “We are very pleased to partner again with Colmore Capital, an experienced and multi-disciplined asset manager, on this exciting joint venture. Demand for high-quality industrial space in the West Midlands continues to grow, and the acquisition of these eight light industrial units near Wolverhampton provides access to the sector for Maven investors. With a well-established track record in UK property investment and active asset management, Maven is well positioned to deliver value from this portfolio while supporting regional economic growth.”
Matt Grainger, from Colmore Capital, added: “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.”
