Flurry of deals sees industrial estate fully let

An industrial estate in Nottingham has reached capacity after a flurry of deals.

Caisson Investment Management, in partnership with Barwood Capital, acquired Swinstead Close Industrial Estate in 2019 and carried out a major refurbishment which has led to a string of lettings.

Lighthouse Display has taken three units while other companies taking space include Gracie Barra, City Fibre and Exact Precision Engineering.

Dan Maynard of Caisson Investment Management said: “This has been a fantastic acquisition with our JV partners, Barwood Capital. When we acquired Swinstead Close, it was in a sorry state, with vacancy running at 60%. Today, we have a fantastic mix of tenants and the estate is unrecognisable.”

The deals were concluded by FHP Property Consultants working with joint agents Commercial Property Partners (CPP).

Chris Proctor of FHP Property Consultants said: “This has been an excellent news story, having originally taken a call from James Burgess at Caisson Investment Management to provide occupational advice when they were looking to acquire the site, through to working with Dan Maynard and Barwood Capital on the refurbishment of the estate and the re-lettings. The estate now sits fully occupied with new headline rents, long term leases and an excellent professional looking industrial estate.”

Stuart Waite of CPP said: “The estate has been completely transformed by our client since they acquired it back in 2019, enabling us to promote good quality industrial stock in a market starved of supply. Reaching full occupancy and setting a new headline rental tone for comparable stock in the process is a real endorsement of our client’s decision to comprehensively refurbish the estate.”

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