67,000 sq ft unit snapped up in £4m deal

Birmingham-based Blue Marble has acquired a 67,000 sq ft distribution unit in South Yorkshire in a £4m off market transaction for Worcester-based Pemberstone Group.

Tim Matthews, chief executive of Blue Marble, acquired the freehold of the unit at Droves Dale Road, Goldthorpe, near Doncaster from an unnamed vendor.

Blue Marble advised Pemberstone while Nick Wales of the Sheffield office of Knight Frank acted for the vendor.

The unit is let to the UK division of Portwest Clothing which manufactures and distributes workwear clothing on a national basis.

Matthews said: “With high quality well let industrial investments being in very high demand throughout the country, we are delighted to have secured this excellent investment which will make a complimentary addition to our client’s portfolio. We were able to provide comfort to the vendor that we are able to perform quickly and secured the purchase within six weeks of the beginning of the year.

“We remain on the lookout for more similar investments as our clients are targeting significant growth of its portfolio over the next few years.”