Mid counties Co-op secures sale and leaseback deal

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Mid Counties Co-op has secured a sale and leaseback with Goold Estates on its Masonary Trading Estate site in Walsall, West Midlands.

The property was bought for  an undisclosed sum in a competitive tendering process.

The site consists of four industrial units, totaling 77,725 sq ft of space, and over 6,000 sq ft of offices. Mid Counties Co-op is remaining on site and has agreed new three-year leases on two units measuring 19,316 sq ft in total.

On the day the purchase completed, a five-year lease on the entire 6,207 sq ft office space was agreed with Tuffnells Parcels Express with Goold Estates refurbishing the offices as part of the deal.

Goold Estates was advised by Colliers.

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