Travis Perkins cements Black Country presence with warehouse deal

Builders' merchant Travis Perkins has acquired the freehold of its Peartree Lane premises in Dudley in a £1.3million deal.

The business had previously let the prominent roadside warehouse from Birmingham-based mutual Wesleyan Assurance Society.

MK2 Real Estate was instructed to sell the asset which comprises 15,953 sq ft of premises and a 13,993 sq ft yard on a one-acre site.

Travis Perkins, which has more than 550 branches around the UK, previously had a 25-year lease on its Peartree Lane premises, expiring in 2026.

Mark Rooke, a director in MK2's investment team in Birmingham, advised Wesleyan on the sale.