Hong Kong-based real estate firm swoops for prime industrial location
A real estate firm headquartered in Hong Kong has snapped up a 53,263 sq ft industrial unit in South Yorkshire, attracted by its “prime location”.
Mordril Properties has acquired a warehouse investment at Tinsley Park Road in Sheffield in a £2.9m deal brokered by Commercial Property Partners (CPP).
The unit is currently occupied by Insight UK, a leading provider of IT products and services, until 2022.
Roger Haworth, the partner at CPP who oversaw the deal, said: “Mordril’s decision to invest in the Tinsley Park Road Industrial Estate, their first investment in the Sheffield area, was largely fuelled by its excellent location just off the M1 – and in an area of high growth potential. We are delighted to have secured the sale that will bring greater regeneration to the Sheffield area.”
Mordril Properties has investments in Hong Kong, the UK and India and is focused on the refurbishment and repositioning of commercial and industrial property.