Principal Building Products, a growing distributor of building materials and building products, has acquired new premises on the Barbot Hall Industrial Estate in Rotherham.
Acting on behalf of Enodis, GVA has advised on the sale of Sceptre Point, a 50,900 sq ft warehouse unit fronting Mangham Road in a deal worth £1.075m.
Currently based at nearby Parkgate, the acquisition of the former Magnet Limited premises will help Principal Building Products facilitate its planned expansion. Plans have already been approved to increase the office space within the unit that will be home to around 28 staff.
Rob Oliver, director at GVA's Leeds office, who brokered the deal, said: "Over the last few years, we have found Rotherham to be one of the more resilient and active markets in our area for industrial premises and we were pleased with the interest in this unit.
"Our client had a leasehold interest in this unit, but most enquiries were for the freehold. With the landlord willing to sell, we were able to agree a lease surrender and freehold sale, which worked for all three parties."
GVA and Crossland Otter Hunt were joint marketing agents for Enodis.
Principal Building Products website
GVA website
Images: GVA
Acting on behalf of Enodis, GVA has advised on the sale of Sceptre Point, a 50,900 sq ft warehouse unit fronting Mangham Road in a deal worth £1.075m.
Currently based at nearby Parkgate, the acquisition of the former Magnet Limited premises will help Principal Building Products facilitate its planned expansion. Plans have already been approved to increase the office space within the unit that will be home to around 28 staff.
Rob Oliver, director at GVA's Leeds office, who brokered the deal, said: "Over the last few years, we have found Rotherham to be one of the more resilient and active markets in our area for industrial premises and we were pleased with the interest in this unit.
"Our client had a leasehold interest in this unit, but most enquiries were for the freehold. With the landlord willing to sell, we were able to agree a lease surrender and freehold sale, which worked for all three parties."
GVA and Crossland Otter Hunt were joint marketing agents for Enodis.
Principal Building Products website
GVA website
Images: GVA
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