M CORE CONTINUES UK INDUSTRIAL INVESTMENT WITH ACQUISITIONS IN CORBY AND CHESTERFIELD
"These acquisitions reflect our long-term approach to investment and add two complementary assets to our UK industrial portfolio. Big Hatton and Little Hatton presented an opportunity to support the expansion of an existing occupier, while Station Lane is a well-established industrial estate that complements our portfolio. We're looking forward to investing in both assets and working closely with occupiers over the long term."
M Core has expanded its UK industrial portfolio with the acquisition of two industrial assets in Corby and Chesterfield, continuing its long-term approach to investing in well-located assets across the UK.
The acquisitions comprise Big Hatton and Little Hatton in Corby, a single-let industrial asset comprising two units, and Station Lane Industrial Estate in Chesterfield, an established multi-let industrial estate. Together, the acquisitions provide approximately 159,679 sq ft of industrial accommodation.
Big Hatton and Little Hatton comprise 40,862 sq ft of warehouse and office accommodation with secure yards on Weldon North Industrial Estate. The property benefits from direct access to the A43 and onward connectivity to the A14.
Existing tenant of LCP, Goggleboxes Ltd, has agreed a new 10-year lease at Big Hatton and Little Hatton, supporting the company's expansion plans and reflecting M Core's proactive approach to working with occupiers. Station Lane Industrial Estate comprises 46 units extending to 118,817 sq ft, adding an established multi-let industrial estate to M Core's UK industrial portfolio.
Will Helm, Associate Director of LCP UK, part of M Core, said: "These acquisitions reflect our long-term approach to investment and add two complementary assets to our UK industrial portfolio. Big Hatton and Little Hatton presented an opportunity to support the expansion of an existing occupier, while Station Lane is a well-established industrial estate that complements our portfolio. We're looking forward to investing in both assets and working closely with occupiers over the long term."
Will Helm, Associate Director at LCP UK, part of M Core, will oversee the management of both assets.
The transactions were completed with legal advice provided by Osborne Clarke.
Oliver Thompson of TDB Real Estate acted on the acquisition of Big Hatton and Little Hatton.
Chris Riley of RYRE acted for the purchaser and Robin Bullas of CPP acted for the vendor on the acquisition of Station Lane Industrial Estate.
"These acquisitions reflect our long-term approach to investment and add two complementary assets to our UK industrial portfolio. Big Hatton and Little Hatton presented an opportunity to support the expansion of an existing occupier, while Station Lane is a well-established industrial estate that complements our portfolio. We're looking forward to investing in both assets and working closely with occupiers over the long term."
