Hortons strengthens industrial portfolio with 357,000 sq ft acquisition

Hortons has expanded its industrial footprint with the acquisition of Thorns Road Industrial Estate, a fully-let 357,000 sq ft multi-unit site in the West Midlands.

The estate was purchased in an off-market deal for an undisclosed fee.

Thorns Road Industrial Estate fronts the A4036 dual carriageway, just south of Brierley Hill town centre and comprises multiple industrial buildings across a range of specifications. It is let to two established manufacturing occupiers, WHS Plastics and Sunrise Medical.

This acquisition adds to Hortons’ portfolio of more than 5.5 million sq ft of properties across the Midlands, which includes deals completed over the last two years for Sinfin Commercial Park in Derby, Hixon Airfield Industrial Estate near Stafford, Saxon Park in Corby, and Rearsby Business Park in Leicestershire.

Steve Benson, chief executive of Hortons, said: “Thorns Road Industrial Estate perfectly aligns with our strategy of acquiring well located, high yielding industrial assets, with strong asset management potential. We look forward to supporting the existing occupiers and exploring opportunities to further enhance the estate.”