Independent property company, Hortons’ Estate Ltd, has expanded its industrial portfolio with the multi-million pound acquisition of a city centre commercial park in the East Midlands.
Sinfin Commercial Park is a prominent, multi-let industrial and logistics estate approximately two miles south of Derby city centre and near the Rolls-Royce Sinfin campus.
The 26-acre site consists of 21 fully occupied warehouse units, totalling more than 135,000 sq ft and includes almost eight acres of additional open storage and development land.
The deal complements Hortons’ investment and development portfolio, which encompasses more than two million sq ft of industrial, leisure, offices and retail properties located throughout the Midlands.
Steve Tommy of Hortons, said the company intends to further expand its portfolio by investing in the acquisition of additional high-quality industrial and logistics locations in the region.
He said: “This is an excellent acquisition which builds on our investment strategy of obtaining income generating industrial sites with significant development potential.
“Sinfin Commercial Park benefits from a good mix of modern and flexible units with established occupiers and presents the opportunity to add value through letting or developing vacant plots of land.”
Hortons was advised by Acre Capital Real Estate.