Tuesday, April 23, 2024

Property company acquires 207,000 sq ft industrial unit near Derby

Independent property company, Hortons’ Estate Ltd, has completed a deal for a vacant 207,000 sq ft industrial/warehouse unit at an established commercial park in the East Midlands.The property is located at Sinfin Commercial Park, a multi-let industrial and logistics estate near the Rolls-Royce Sinfin campus, just two miles from Derby city centre and accessible via the A50 and M1 motorway.Formerly occupied by UK cycling distributor, Moore Large, the unit comprises office, production, showroom, and storage and distribution facilities. It is available for immediate occupation, with Hortons considering short-term flexible lease options at £2.50 per sq ft. Hortons already owns and manages 21 fully occupied warehouse units at Sinfin Commercial Park, which it purchased in a multi-million pound deal in 2023. The latest acquisition increases Hortons’ ownership to more than 30 acres, of which the company is exploring options to let or develop eight acres of open storage and development land. Jeremy Boothroyd of Hortons said: “We are very pleased to have completed the strategic acquisition of this substantial industrial/warehouse unit. The deal not only reaffirms our commitment to Sinfin Commercial Park but gives us the opportunity to remodel parts of the estate that have significant potential. We look forward to adding a new tenant to what is already a strong list of established occupiers.”

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