215,000 sq ft manufacturing hub sold in £9m deal

Oxenwood Real Estate, the UK and European real estate investment management firm, has bought a manufacturing and distribution facility in Kettering for one of the UK’s largest engineering groups.

The facility, which totals 216,753 sq ft of warehouse and ancillary office space and is located on Station Road next to Weetabix’s European headquarters, has been acquired by Oxenwood from Aberdeen Standard Investments for Oxenwood Catalina, its joint venture with Catalina Holdings (Bermuda), for £9m.

The facility is let to GW Atkins & Sons, part of Shield Group, a privately-owned engineering group which uses the building for the manufacture of aluminium die-castings.

Stewart Little, co-founder and CEO of Oxenwood, said: “This acquisition reflects our continued focus on assets with strong and long income for our joint venture with Catalina. The facility is an important manufacturing plant for Shield and is located within an established Midlands logistics location. Longer term the asset may revert to a more logistics based operation, but in the meantime, the asset delivers an excellent and growing income stream to the joint venture.”

Oxenwood was advised by DTRE and the vendor was advised by Fulwell Capital.