Commercial and industrial property consultancy, Bulleys, has today announced the £1.2 million sale of nearly 3.5 acres of space at a major Wolverhampton business park.
Acting on behalf of City of Wolverhampton Council and Staffordshire County Council, Bulleys sold the space to family-owned construction equipment manufacturer and seller, Morris Site Machinery. Bulleys has now been involved in the sale of nearly the entirety of the i54 development.
Commenting on the sale, Noel Muscutt, partner at Bulleys, said: “This sale means that most of the first phase of i54 is taken, in excess of 140 net acres for development on a 239-acre site, with only around 12 acres remaining for development.
“Marketing of Phase II of i54 has recently started, and this phase can accommodate land sales and design & build solutions of up to 1 million sq ft.
“We are delighted at the successful conclusion of the sale to Morris and welcome them to one of the most prestigious industrial addresses in the country. We now look forward to many more companies joining them as Phase II makes progress.”
Only 12-acres remain for development at i54, which Bulleys and JLL are now marketing. Morris Site Machinery becomes the latest to join a prestigious array of manufacturers on-site that includes Jaguar Land Rover.
Morris sister business, Morris Property, is collaborating in the development of the machinery company’s new state-of-the-art premises that will provide 67,000 sq ft of manufacturing and office space.
Liz Lowe, Head of Estates at Morris Property, commented on the development, stating: “It’s been a real pleasure working with Bulleys at i54. The team at Wolverhampton, Noel Muscutt and Rod Spiby, resolved any challenges we faced. They were professional and pragmatic, working admirably on behalf of their clients, Wolverhampton City Council and Staffordshire County Council.