Newline makes moves to new home in Halesowen

Newline Computing Systems has bought the long leasehold on the last remaining unit on St Modwen's Coombs Wood Business Park.

The company, which was formed 28 years ago, moved from Applewood Grove, Cradley Heath to the 750sq ft unit on September 8 after renovating the premises.

Managing director Neil Cartwright, who has worked for the business for 19 years and bought it six years ago, said the move was to enable the business to grow.

"We currently have three staff and we are looking to take on two more over the next year," he added.

Newline, which originally started at Erdington, Birmingham, and had been at Cradley Heath for the last five years, supplies bespoke IT solutions to businesses with warehouses that need stock management systems.

"Our main market is the automotive sector and customers include DHL and UEES. We also have bids in with Jaguar Land Rover and MBW for exhausts. We also deal with the cold storage sector," said Mr Cartwright.

Birmingham-based St Modwen is experiencing increasing market demand from a broad investor base, for commercial and industrial property and residential land.

It has also sold the successful Parkside Industrial Estate in Wolverhampton to Threadneedle Investments. Over the last three years the developer has transacted on nine out of the 11 units on the 97,406 sq ft site, including new lettings, lease renewals and lease re-gears, substantially raising the value of the site.

St Modwen has also sold a seven-acre site at Hadley Park West in Telford to house builder Miller Homes. It was sold with outline planning permission for 68 new family homes.

John Dodds, Midlands regional director, at St. Modwen said: "With market conditions now encouraging growth once again, well managed and located sites are in a strong position to capitalise on a market demand. Our sales at Parkside Industrial Estate, Coombs Wood Business Park and Hadley Park West are together indicative of renewed appetite from housebuilders, owners and investors and point to a rosier future for West Midlands' property.

"As regeneration specialists, we have a wealth of experience in all markets and are perfectly positioned in order to capitalise on the right deal at the right time. We would encourage all parties, from investors to developers to come and talk to us."