Acting on behalf of Gladman Developments, the Nottingham office of JLL alongside joint agents Burbage Realty, has sold the 9.8 acre Grantham Distribution Park site at Gonerby Moor, a strategic site on the A1 (M) Corridor.
Acquired by JRL Group for an undisclosed sum, the site has detailed consent for the construction of a 214,881 sq ft distribution or warehousing facility with offices.
Positioned in an established industrial location in North Grantham, it provides good access to Nottingham, Birmingham and the East Midlands markets as well as London and the South-East. Occupiers on the neighbouring distribution park include Brakes, Downtown Department Superstore and Garden Centre, DLS Plastics, Sharmans Agricultural, Travelodge and Services & Little Chef.
Andy Hartwright, Land Director at Gladman Developments, said:
“We are pleased to have completed the sale of the distribution site to JRL Group. The site has superb connectivity, and almost direct access to the A1, both being key requirements for JRL.”
James Keeton, director at JLL who acted as joint agents with Burbage Realty said:
“We are seeing continued demand for well-located strategic sites on the A1 corridor, especially as prime land availability on the M1 corridor remains a scarcity. The A1 corridor has seen increased activity recently, boosted by strong strategic transport links along with greater availability of land, whilst maintaining good labour demographics.”