A landed estates business based on the Staffordshire-Shropshire border has hit a 400,000 sq ft milestone with acquisition of two new industrial estates.
Bradford Estates, which is based in Weston-under-Lizard, has purchased Wortley Business Park in Leeds and Rowan Industrial Park in Alton, Hampshire, adding 33,000 sq ft to its Bradford Industrial portfolio to reach 412,000 sq ft as part of a strategic acquisition drive.
Wortley Business Park totals 17,000 sq ft across 10 self-contained industrial units, occupied by local small and medium-sized enterprises. Rowan Industrial Estate covers 16,000 sq ft with seven units, including an international lighting company, a local automotive repair business and a branch of a national decorator supplier.
The business, led by managing director Alexander Newport, also announced in May that it had bought four estates: Wear Industrial Estate in Washington, Tyne and Wear, Kilburn Drive in Peterlee, County Durham, Link 49, Boscombe Business Park in Avonmouth near Bristol and 325 Bristol Road in Gloucester.
Alexander said: “We are delighted to have acquired the two latest additions to the Bradford Industrial portfolio, which fits with the implementation of our growth strategy.
“Both estates are situated in strong local economies with occupiers from a cross-section of business sectors who will benefit from a responsive approach to management and investment based on our long term approach to ownership.”
Bradford Estates property director Chris Hodson added: “The new acquisitions show how Bradford Estates has been proactive in delivering upon the investment plan which we announced last year.
“As we work to achieve our long-term objectives of generating sustainable income and value growth across the portfolio we are looking for opportunities around further multi-let estates.
“We are grateful to our agent partners, AP Investment, for the Leeds purchase and Ereira Mendoza for Alton, as well as our core acquisition advisors of Womble Bond Dickinson, Panovista Asset Management and Weston Allison Wright.”
The main Bradford Estates land holding spans 12,000 acres on the Staffordshire-Shropshire border, close to the M54, A5 and A41, and is used for regenerative farming, sustainable forestry, leisure, local housing and commercial development.
