Premier Estates Wine acquires new head office in prime Birmingham location with £1.5m funding
Budge Brands, the Solihull-based owner of the Premier Estates Wine brand, has acquired a new head office in Birmingham's Jewellery Quarter after securing a funding package worth over £1.5m from Santander Corporate & Commercial.
Budge Brands will move into the Grade 2 listed historic Birmingham Mint Building this month. The new HQ will bring the business closer to Birmingham city centre, which it is hoped will attract new talent to drive the business forward.
Budge Brands' turnover for 2016 is expected to hit £20m. Premier Estates Wine is a multi-award-winning brand stocked in thousands of retail outlets and some of the largest wholesalers throughout the UK.
Budge Brands owner Budge Dhariwal attended a Santander trade mission to Boston in 2015, and as a result Budge Brands has entered the US market following a number of successful trade shows in Las Vegas and Boston. The business is also working with Santander to access the Chinese market.
Andrew Bullock, relationship director, Santander Corporate & Commercial, commented: 'The firm has successfully carved out a niche for itself in the UK and the purchase of this new property, along with its focused export strategy, will see this business go from strength to strength.'
Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.
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