Friday, June 5, 2020

CPP reaches £200m milestone

Property consultancy Commercial Property Partners (CPP), which has offices in Nottingham and Sheffield, has hit a major milestone this month having facilitated in excess of £200m worth of investment deals across the Midlands and Yorkshire in the past two years.

The news comes after the fast growing firm announced the completion of a £15.94m investment deal at one of Nottinghamshire’s most prominent industrial parks, Gateway 28, close to J28 M1, where Eurocell Profiles will occupy a 265,000 sq ft warehouse until November 2025.

The acquisition of the sought after property was managed by CPP on behalf of MPF, with partner Roger Haworth confirming that an attractive net yield was secured on behalf of the client.

He said: “The completion of our most recent deal for £15.94m at Nottinghamshire’s sought-after Gateway 28 industrial park is indicative of the prestige of the transactions we are instructed to oversee; with the 265,000 sq ft warehouse sitting at the heart of a major centre for logistics and manufacturing, and within easy reach of a transport infrastructure that includes major cities and the UK’s busiest cargo airport, East Midlands”.

Harris Lamb acted for the vendor.

Haworth added: “Managing in excess of £200 million of investment deals in the past 24 months is a significant landmark for CPP, which was only established 3.5 years ago. As a business we are looking to build on our work and success of the past 24 months, further expanding our customer base spanning across the Midlands, Yorkshire and wider national markets”.

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