Part of a trading estate in the Black Country has been sold in a £4 million deal.
A private investor in London has acquired units 2-4 on Steelpark Trading Estate, in Wednesfield, from development and investment company Goold Estates.
The complex of six units was completed last year and three of them were sold to owner-occupiers and the remaining trio were let to Smiths Metals, Zurich Insurance Group and Cooper Coated Coil.
Dominic Goold, director of Goold Estates, said: "This deal is a great investment for the buyer.
"Steelpark is a high-quality development with good transport connections so we were confident that there would be strong demand from investors.
"It is good to see our confidence in this speculative development repaid, with significant investment and new jobs generated in the area."
Adam Ramshaw, regional director of property consultancy Lambert Smith Hampton, advised Goold Estates on the deal.
He added: "Despite the uncertainty Brexit has created in some areas of the commercial property market, the sale of Steelpark demonstrates that demand still exists for well let, modern industrial stock.
"Investors were drawn to the strong income and leasing profile of the scheme together with the quality of the real estate that was developed.
"In a sector characterised by tight supply, I'm confident this will prove to be a great long-term acquisition for the purchaser."
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