Two warehouse sales worth £29m secured by Bidwells
Bidwells, acting on behalf of Roxhill Developments, completed two significant warehouse sales at Gateway, Peterborough.
In the largest deal Bidwells agreed a 250,000 sq ft design and build transaction to Smart Garden Products, a leading supplier of garden products to the trade, for more than £17 million.
The building was completed in October 2017 and comprises 12 metre eaves, a 50 metre deep yard and more than 200 car parking spaces.
The second sale worth £12 million was to Kingsley Beverages Ltd which has bought a 170,000 sq ft facility, designed for a purpose-built beverage plant, warehouse and offices.
Patrick Stanton, head of Bidwells Logistics and Industrial team said: “We are delighted to have reached completion on these two deals in such a short timescale.
“Occupiers continue to struggle to find existing buildings over 100,000 sq ft across East Anglia and so design and build options are becoming increasingly popular.
“We have a further 1,400,000 sq ft of space under offer at Gateway Peterborough in four separate deals. Conveniently located on junction 17 of the A1(M), purchasers will be able to benefit from having their building ready for occupation within seven months of agreeing terms.”
Joint agents on the scheme are Burbage Realty, BSM and Avison Young.