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Birmingham Post
Birmingham Post
Business
Tamlyn Jones

LCP investing more than £1m on Black Country estate refurbishment

Black Country property group LCP is planning to invest £1 million in refurbishing one of its estates.

The company said it was on track to complete the work on a number of industrial units at the Multipark Pensnett estate in Kingswinford.

It has already completed the refurbishment of four buildings, totalling 68,000 sq ft at a cost of £750,000. It is now on course to complete a further four units, totalling 20,600 sq ft at a cost of £110,000.

This follows its £560,000 investment last year for the improvement of 92,500 sq ft of units on the park which used to be known as The Pensnett Estate.

David Charlton, industrial director of asset management, said: "Multipark Pensnett is one of the largest secure industrial estates in Europe and we're proud that it is home to international brands, as well as nationally known companies and smaller, local independents that are building their businesses.

"This programme of building upgrades is one of the biggest we've undertaken in years and it means these available units are ready for occupation and can meet the demands of a 21st century operator.

"We're already getting a stream of enquiries and hope we can announce new tenants in the coming weeks."

More than 200 companies are based at Multipark Pensnett, which is spread over 185 acres.

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