Monday, May 23, 2022

Substantial Loughborough premises sold to expanding Leicestershire occupier

Substantial premises on Belton Road West in Loughborough have been sold to expanding Leicester-based company, Fashion UK Limited.

The deal, agreed by Tim Gilbertson, Director of FHP Property Consultants, sees over 30,000ft² of well specified space occupying a prime position in Loughborough sold to the company following the initial expansion and relocation of FHP’s client, Selective Marketplace Limited, to new facilities at a purpose-built site in Loughborough.

Tim Gilbertson of FHP said: “This was a real race against time as both parties wanted the deal done before Christmas with simultaneous exchange and completion being achieved at 3:30pm on Christmas Eve!

“A great effort all round and I’m delighted to have achieved a sale of our client’s former premises following their expansion and relocation to new purpose-built facilities in Loughborough. The sale also helps the expansion of the new occupiers, Fashion UK Limited, who are based in Leicester and we wish them well in their new facility.

“We generated lots of interest in this sale, Loughborough is always a strong market with very few freehold buildings being traded each year. A great result but always disappointing to have to turn away other potential buyers but that’s a reflection of the East Midlands Industrial and Distribution market as a whole, good demand and not enough space.

“Our market will hopefully remain strong throughout 2021 despite the ongoing uncertainty in the world.”

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