THE final part of the landmark Sealine site in Kidderminster has been sold to a local investment company and could be let to manufacturing firms to cope with demand in the region.

The well-known Whitehouse Road complex was a familiar sight the town for more than 40 years before luxury boat builder Sealine went into administration in April 2013. Comercial property agent Harris Lamb was then instructed by administrators to sell the site, which was marketed as a whole or three separate parts.

Harris Lamb sold two portions of the site last year to Quantum Mouldings and NTM respectively, and the final 100,000sq ft lot, marketed at £2.25million, has this week been sold to Metropolitan Estates. A family-run Black Country-based business, Metropolitan Estates has a background trading within the steel stockholding industry, and has now diversified into the manufacturing and property sectors.

Charles D’Auncey, director at Harris Lamb, who oversaw the sale, said: said: “I’m delighted that the final part of this historic site has now been sold to such an investor. The business comes from an established manufacturing background and recognises the strong position that the Midlands is in when it comes to the revival of the sector. Hopefully the purchase will lead to a single large business or a number of smaller companies leasing space within the premises, creating more jobs in the area and helping to further cement the region as a prime manufacturing hub. When Sealine went into administration three years go, around 300 people were made redundant so it is hoped that thanks to continued investment, these jobs will now be redistributed. This sale is a great opportunity for both the region and the manufacturing sector as a whole, and can hopefully lead to a positive future after the sad demise of a respected local business."