A warehouse designed and built for a Derbyshire haulage company has been sold to an international investment fund in a multi-million pound deal.
Gilbert House, a bespoke 108,000 sq ft distribution facility on Denby Hall Business Park, in Denby, was built and fitted out for Lockwood Haulage further to a pre-let last November.
Now, the property has been snapped up by an unnamed international investment fund for a figure in excess of £9 million.
The property was sold by Harris Lamb Investments, who acted on behalf of Garner Holdings, which owns Denby Hall Business park.
Director Neil Harris said: “This project has been an incredibly successful operation from inception through to completion and we’re very proud of it.
“The timescales for delivering the bespoke building were excellent; with it taking less than 12 months from Lockwood’s initial enquiry to its completion.
“The business committed to a 15-year full repairing and insuring lease with no breaks as part of its ongoing expansion, and the investment fund we sold the opportunity to, recognising Lockwood as a secure, established tenant, was keen to add the facility to its portfolio.”
According to Mr Harris, Denby Hall Business Park has grown in reputation over the years.
He said: “Denby Hall Business Park has a reputation for being a leading commercial location within the East Midlands, benefiting from high-specification office and industrial space with excellent logistics links.
“Over the past few years, an increasing number of expanding businesses have chosen to site themselves at the park to establish a base for their international business - and its success within the East Midlands is second-to-none.
“There has been extensive demand for commercial property within the region for some time and with the second phase of the park now underway, we are in discussions with a number of further new-build projects, which we expect to be delivering over the forthcoming 12 months.”
