Hortons has acquired a 31,709 sq ft warehouse at Anchor Brook Industrial Estate in Aldridge, Walsall, in a multi-million pound deal.
The property is occupied by family-run building and contents restoration specialist Farcroft Restorations on a lease until 2033.
The acquisition builds on Hortons’ longstanding involvement at Anchor Brook, where it has owned and managed property for more than 20 years. During this time, the company has invested in the refurbishment of existing units and new development, with the estate now fully let.
Steve Tommy, head of property at Hortons, said:“We have had a longstanding interest in Anchor Brook and know the estate and the local industrial market extremely well. This acquisition was a natural fit, adding further scale to our existing holding in an established industrial location. The property is well located and occupied by an established local business. We look forward to working with Farcroft Restorations.”
Hortons was represented by Skylark Real Estate with Cortex Partners acting on behalf of the vendor.
