St Francis Group and ALMCOR has completed on the pre-sale of a 113,872 sq. ft prime industrial unit at Horizon 29 to PCT Healthcare Ltd. The development located adjacent to Junction 29A of the M1 and Markham Vale is being delivered by Bolsover Land Ltd, the second joint venture partnership between St Frances Group and ALMCOR (formerly known as iSec).
The Opportunity to purchase the site in Bolsover allows PCT Healthcare (trading as Peak Pharmacy) to consolidate their depots into a purpose-built unit. By incorporating automation into this site, the patient journey that our Pharmacies will be able to offer should greatly improve. NHSE has a continued drive to encourage the prioritising of patient led services within Community Pharmacy, and by relocating to this site, we can take a proportion of repeat dispensing out of our estate, to free up time (and capacity) to focus on both NHS and private led services.
Horizon 29 was acquired by Bolsover Land as a brownfield site in need of extensive remediation and with the help of public sector funding support from North East Derbyshire District Council, Bolsover District Council, Derbyshire County Council and the D2N2 LEP, the developers recently completed extensive infrastructure works to regenerate the site and create 4 development ready plots ready for immediate development.
Gareth Williams, Development Director at St Francis Group, part of the Joint Venture and who oversaw negotiations commented.
“Large regeneration projects have a long lead-in time and Horizon29 was no exception, so securing the first occupier is an exciting milestone. On behalf of the Joint Venture, I’m delighted to have reached agreement with PCT Healthcare and look forward to working with them on this part of their next chapter. Work on site will begin in June and the new unit will be handed over in April next year.”
Mike Baugh, Executive Director, CBRE Industrial team Leeds, who negotiated the sale, commented.
“It was great working with Bolsover Land Ltd to secure the first occupier for Horizon29, a scheme that will quickly become an exciting new business location. PCT and their acquisition team at WT Gunson were a pleasure to deal with”.
Joe Cattee of PCT, commented.
“I’m delighted to get this acquisition over the line. The relocation to this site completely revolutionizes how Peak Pharmacy operate. The pressures on the business over the last 18 months have been extreme to say the least, by locating all our supply depots into one location, freeing up capacity across our Pharmacy network, our colleagues and patients should see these pressures reduced and a better service and atmosphere for both should follow.
“I’m very thankful to our legal representation CMP Legal, based in Chesterfield, and our Consultants team, WT Gunson, based in Manchester for their continued support in the development of our business.”
Jack McCabe, Senior Consultant at WT Gunson acted for PCT Healthcare Limited.
CBRE (Leeds) and Knight Frank acted for Bolsover Land Ltd.
