Halesowen warehouse facility bought on freehold

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Headstock Distribution, sole distributor of Ibanez and Tama musical instruments and manufacturer of Lanely amplifiers, has brought the freehold of 2,601sq m building for £1.5M on the 43-acre Coombs Wood Business Park, Halesowen.

The business park, close to J4 of the M5, is being developed by Modwen Developments, the development subsidiary of St Mowden Properties, in a joint venture with Corus. Headstock further purchased 0.63 acres adjacent to the site for future expansion.

The building which adjoins the major operation recently completed for Mapie, has been purpose designed and is expected to be completed in September. Recent completions on the business park are in excess of 9,290sq m continuing the excellent progress made on what is probably the most successful employment development scheme in this part of the Black Country in recent years.

NAI Fuller Peiser and Jarvie Bendall & Dixon acted for St Mowden.

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