Headlam makes Minworth move
Floor coverings giant Headlam has taken more than 40,000 sq ft of space at the Kingsbury Business Park, Minworth.
The Coleshill-based company secured the deal with property agencies Lambert Smith Hampton (LSH) and CBRE on behalf of its subsidiary HFD.
Once the transaction has completed, the 14-acre business park will be fully let.
The 41, 750 sq ft unit – number six on the Kingsbury Business Park - is owned by Centurion Properties and the Scottish Widows Investment Partnership Property Trust.
Kingsbury forms part of a £60.5m industrial portfolio acquired by LSH earlier this year, comprising seven industrial sites and one warehouse.
Jon Ryan-Gill, senior surveyor in the industrial agency and development team at CBRE in Birmingham, said: "The letting to Headlam is the icing on the cake for Kingsbury Business Park.
"The scheme has already attracted large, blue chip names such as GKN and Webasto, and Headlam is another great name on the tenant roster."
Alex Carr, associate director in LSH’s Birmingham-based industrial and logistics agency team, added: "This is a very significant deal and it means the Kingsbury Business Park is fully let – a major achievement in the current environment. We have secured this letting within six months of ownership which significantly outperforms the average void time of nine to 12 months."
