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£4m paid for industrial investment |
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Written by Business Weekly
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Monday, 19 November 2001 |
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Barwood Developments has used part of its growing cash reserve to acquire a 12.5 acre multi-let industrial investment in Towcester.
Barwood Developments has used part of its growing cash reserve to acquire a 12.5 acre multi-let industrial investment in Towcester. The business park has been bought from British Aerospace Systems for over £4m. BAE has taken a 10-year leaseback on 57,000 sq ft to maintain its production facility. Most occupiers are local companies and Barwood’s research points to more demand in Northants. The first phase of new development will involve seeking planning consent for new uses on the unused car park, which covers 2.3 acres. |
