HALESOWEN firm Sandvik is in the final stages of completing a deal to sell off part of its sprawling Halesowen site for housing.
The engineering company, based on Manor Way, is in the process of building a smaller HQ, so that its existing building can be demolished and part of the land sold for housing.
It has outline planning permission for homes on the site - but the developer buying the land will have to submit a detailed scheme to Dudley Council before work can begin on homes at the site.
Sandvik's corporate communications manager Kim Olander said the land designated for housing has not yet been sold, but a deal is in its final stages and should be completed by the end of the month.
Mr Olander said: "The sale of the residential land will be subject to its own planning, which will be put forward by the residential developer.
"We are in the final stages of selling the land to a developer.
"The initial discussions between the preferred residential developer and DMBC are based on a plan of approximately 62 homes."
The Swedish engineering company has been based on Manor Way since 1958 but with around 125 employees and no longer with any manufacturing or warehouse requirement bosses say the sprawling site is too large for its current operation.
After failing to find an alternative home in the borough bosses came up with proposals to sell off part of the existing site to a developer - while constructing a new smaller UK head office on the remainder.
Pic: Google satellite
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