NSI buys Sheffield industrial estate in £9m deal.
Network Space Investments (NSI) has acquired a Sheffield industrial estate in a £9m deal.
The 103,000 sq ft estate on Grange Mill Lane Meadowhall and junction 34 of the M1 includes four warehouse units with secure yard space and parking.
NSI will refurbish the site to create an industrial hub that will deliver a range of unit sizes from 10,000 to 50,000 sq ft. The units will be available from late summer 2025.
This latest acquisition is part of NSI’s strategy to redeploy capital following the recent successful disposal of Europa Way at Trafford Park. It also follows acquisitions in Oakhill, Manchester and Cowley Way, Sheffield, strengthening the company’s footprint across key regional industrial markets.
Tom Dawson, investment director at Network Space Investments, said: “This is a well-located and underutilised estate that offers significant potential for value creation. Our plan is to deliver modern, energy-efficient space suitable for a range of occupiers, and the flexibility of unit sizes will appeal to both regional businesses and national operators.”
“The acquisition reflects our confidence in the industrial sector and supports our long-term strategy of investing in assets with strong fundamentals in resilient, growth locations.”
Roger Haworth at CPP acted on behalf of the vendor.
