The ownership extends to 132,813 sq ft with a total site area across the two plots of 8.43 acres. The property consists of six industrial units which are fully let to a wide range of national and international occupiers including Vink Ltd, Laing O’Rourke, Harsco Rail Ltd DSL Group, KSG (uk) Ltd and Staylite Ltd. Each unit is of steel portal frame construction and benefits from private parking and yard provision. The estate produces a total passing rent of £821,000, equating to £6.18 per sq ft.

The property is situated within one of the East Midlands’ premier business and logistics parks, 11 miles north of Nottingham city centre. Sherwood Park is situated directly adjacent to Junction 27 of the M1 motorway, providing access to the UK’s national road network and allowing easy access to Derby, Sheffield, Leicester and Birmingham.

Victor Ktori, director in Savills Nottingham investment team, comments: “We are delighted to have worked with our client on the sale of Sherwood Park. It is a key commercial hub within the area and one which offers high-quality distribution / industrial space, alongside the excellent location of the property, presenting the new owners with a sound, repositioning opportunity.”

Peter Atkinson, director in Savills Newcastle investment team, comments: “It was great to deliver another top result for our clients utilising the team’s unique insights, depth of knowledge and collaborative approach.”

Julian Gallagher, Partner at Lewis Ellis who advised Columbia Threadneedle, comments “We are delighted to have advised on the acquisition of this prime mid box estate, that offers a number of asset management opportunities to drive value and improve ESG credentials.”