Hortons’ Estate, the Birmingham-based family-owned property company, has acquired Old Dalby Business Park in Leicestershire for £10 million.
Hortons’ bought the 39-acre site from Canmoor, which was acting on behalf of an American investment fund.
Located close to the village of Old Dalby, between Leicester, Nottingham, Loughborough and Melton Mowbray, Old Dalby Business Park comprises 12 industrial/warehousing units, totaling circa 500,000 sq ft.
There is currently around 100,000 sq ft of vacant space to let at the site.
Richard Norgrove, property director at Hortons’ Estate, said:
Old Dalby is an excellent addition to Hortons’ growing property portfolio. The opportunity to add value by working with existing occupiers and letting the vacant space, coupled with the provision for further development on the site, made Old Dalby a compelling investment.
Hortons’ Estate’ owns and manages a property portfolio comprising leisure, retail, offices and industrial property, including the historic Grade II* listed former Grand Hotel on Colmore Row, Birmingham.
Dowley Turner Real Estate LLP acted on behalf of the vendor.