Property firm acquires 40-acre land parcel for potential logistics development

A property firm has acquired 40 acres of land to the west of Shawell in Leicestershire to form a distribution/ logistics development.

Ashfield Land will now bring the proposal forward, following an unconditional deal.

The site fronts the A5 and is just off the M1 and M6, which is classed as the heart of the UK ‘Golden Triangle’ for logistics uses.

Ben Holmes, director of Ashfield Land, said: “This is a textbook Ashfield Land deal for a site which has outstanding potential for logistics development within a very exciting market.  We’re delighted to have completed the unconditional acquisition and are looking forward to progressing with our plans to secure planning and deliver a best-in-class logistics development in the heart of the Golden Triangle.”

The site will now be promoted for B2/B8 commercial development.

Ashfield Land will bring a planning application to Harborough District Council at the earliest opportunity.