Major site acquired

The 3.0-acre site on Tewin Road is located in a well-established industrial area of the city and close to Junction 4 of the A1(M) benefitting from close proximity to the wider national motorway network beyond. Subject to planning the site will be redeveloped to deliver c.70,000 sq ft of industrial/warehouse space with a GDV of c.£20m. Work is anticipated to start on site in Q2 2022.

The acquisition forms part of the Group’s core development strategy targeting industrial and logistics.

HBD managing director Ed Hutchinson, said: “This site is extremely well located within an established South East industrial location with neighbouring occupiers including Ocado, Aldi and ATS Euromaster.”