Titan Investors has acquired a 200,000 sq ft Grade A logistics unit in Wolverhampton.
Completed in April, the property is fully let to PJH Group under a 15-year lease. PJH supplies bathrooms, appliances, sinks, and taps across the UK, serving multi-site retailers, independent retailers, builders’ merchants, and housebuilders. The company is part of the Globe Union group, with offices in seven countries across three continents,
The unit is part of the PIN54 development, a two-unit logistics scheme managed by PIN Property, with unit 2 of the scheme previously sold to a Wolverhampton-based occupier for their own use.
This purchase is Titan Investors’ fourth major logistics acquisition, following earlier transactions including Aberdeen One Logistics Park, Preston East, and the Asmodee headquarters in Hampshire.
Philip Meakin from Pin Property said: “Unit 1 PIN54 represents the highest quality of modern logistics accommodation. We are pleased to have completed a sale to Titan Investors, who will benefit from the long-term lease commitment with P.J.H. and the underlying future rental growth prospects given the quality of the real estate and location.”
JLL advised the vendor in association with PIN Property, while Christopher Dee LLP acted for Titan Investors.