Speculative industrial development
Unconditional purchase of a 3.8 acre site. Planning consent was obtained in July 2017 for a 68,000 sq ft detached industrial unit with associated yard. The building was subsequently forward sold to Orchard Street Investment Management on a forward commit basis. Construction completed in September 2018.
Ownership interest: 100%
Floorspace: 68,000 sq. ft.
Acquired: March 2017