Music equipment firm invests in Coombs Wood

Headstock Distribution, the sole distributors of Ibanez and Tama musical instruments and manufacturers of Laney amplifiers, has agreed to acquire the freehold of a 2,601 sq m (28,000 sq ft) building for £1.5 million on the 43-acre Coombs Wood Business Park, Halesowen.

The business park close to Junction 4, M5, is being developed by St Modwen Developments, the development subsidiary of St Modwen Properties PLC, in a joint venture with Corus plc. Headstock further purchased 0.63 acres adjacent to the site for future expansion.

The building which adjoins the major operation recently completed for Mapie, has been purpose designed and is expected to be completed in September. Recent completions on the business park are in excess of 9,290 sq m (100,000 sq ft), continuing the excellent progress made on what is probably the most successful employment development scheme in this part of the Black Country in recent years.

Rupert Joseland of St Modwen, said: “We are delighted that Headstock chose Coombs Wood for its new facility, and with further expansion land it has committed their future to the site.”

Lyndon Laney of Headstock, said: “We required a prestigious site with

excellent links to the motorway network within easy reach of our current manufacturing base. The Coombs Wood development fitted this remit exactly and we see an exciting future there.”

NAI Fuller Peiser and Jarvie Bendall & Dixon acted for St Modwen.

For further information contact Rupert Joseland (0121-456-2800). Issued by Paul Raymer of Howle Chapman Raymer (0121-236-7771).

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St Modwen Developments Ltd, the development subsidiary of St