Devonshire Property Group, the commercial arm of the Devonshire Group, has acquired the Poundbury West Industrial Estate in Dorchester for an undisclosed sum. The estate, spanning over 18,000 sq ft, is occupied by Jewson and Screwfix.
The company has also purchased the 40,000 sq ft City Trading Estate in Norwich from a UK-based fund. The site includes six units ranging from 4,970 to 8,720 sq ft and houses tenants such as Screwfix, CEF, and Easy Bathrooms.
The acquisitions align with Devonshire Property Group’s strategy of expanding its portfolio with multi-let revisionary assets. This follows last year’s sale of two properties, including a 102,000 sq ft warehouse at Markham Vale. The firm aims to grow its portfolio by a third by year-end.
CBRE Bristol advised on the Dorchester deal, while Cushman & Wakefield London facilitated the Norwich transaction.
