Barwood Capital’s Growth Fund IV with Premcor Estates Ltd has purchased Firth Way at the Blenheim Industrial Estate, Bulwell, in a move to bring much-needed new logistics space to the area.
Just two miles from junction 26 on the M1, Blenheim Industrial Estate is a well-established location for warehouse and logistics operations. The aim is to secure detailed planning consent for a single 370,000 sq ft unit at Firth Way, in a new build that will provide high quality industrial space.
The 17.4-acre site acquisition was funded by Barwoods Growth Fund IV. Premcor will act as Development Manager.
Edward Henson, director and head of transactions at Barwood Capital, said: “With the support of the City of Nottingham, we are looking forward to creating first class, sustainable logistics accommodation in an area where there’s currently no available units above 300,000 sq ft.
“Meeting this demand will offer jobs and opportunities to many local residents as we continue to emerge from the Coronavirus pandemic.”
The project is aiming to achieve Net Zero Carbon in Construction and a BREEAM Excellent Rating.
Doherty Baines advised on the transaction.