White Commercial, acting for developer Albion Land, has sold the former Network 401 development in Brackley, now known as Arrow Park to Rockspring Property Investment Managers LLP (“Rockspring”). The €7.8 Billion Euro Property Investment Company has acquired the new 8 unit warehouse and industrial development for a reported £14 million.
The new industrial/distribution units, due for completion in January 2018, range in size from 10,000 – 30,000 sq. ft. and are prominently situated fronting the Silverstone A43 dual carriageway with fast access to junctions 10 and 11 of the London to Birmingham M40 and junction 15A of the M1. The site already has over 300,000 vehicles passing it every week and will form part of a larger mixed use estate comprising a Sainsbury’s superstore, hotel and healthcare centre.
White Commercial are retained to lease the completed units and already have 2 units under offer with serious interest in a number of other units.
Duncan White, Assistant Director at Rockspring commented: “Arrow Park delivers quality, high specification warehouses at a variety of sizes to businesses keen to take advantage of the great fundamentals offered in the region. The connections to the M40 and M1 provided by Arrow Park’s position on the A43 and the site’s prominence to the road meant this was the best investment for us in the area.”
White Commercial, Brown and Co and Colliers International are retained by Rockspring to lease the units at the scheme.
Chris White, Managing Director at White Commercial says: “This is a strategic purchase by Rockspring who are well aware of the ‘market fundamentals’ in this well connected area – where we have little available stock of industrial and warehousing buildings of this size in a fast expanding area and region both commercially and residentially. We are already receiving strong demand for the scheme.”
