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A new distribution facility for Desborough
Desborough
New life is to be breathed into a former ironstone quarry in Desborough
as Hampton Brook Developments and its joint partner CJC
start work on a new distribution facility.
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The Northampton based
developer has completed major groundworks on the site and has now started
erecting the steel frame of the 473,689 sq ft project which once
completed will be occupied by Great Bear Distribution.
Great Bear Distribution has initially agreed to lease the fully fitted
facility for a term of 10 years at £4.75 psf believed to
be the largest pre-let in Northamptonshire this decade and Hampton
Brook has subsequently sold the freehold investment of the facility to
Arlington Securities, represented by CBRE achieving a new initial
yield of 6%.
Hampton Brook proposes to undertake further business development on the
50 acre site and opportunities for projects up to 160,000 sq ft are available.
Marchington
Acting on behalf of Mourant & Co Trustees Ltd, Kingston & Partners
have let Unit 32, Bays A & B Marchington Industrial Estate, Marchington
to C F Anderson & Son Ltd. The premises comprise 2,322.5 sq m (25,000
sq ft) and are let on a three year fri lease at £68,750 pa.
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