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Hurstwood Holdings has expanded its national commercial property portfolio with the acquisition of a 106,855 sq ft industrial and office complex in Horncastle, Lincolnshire.
The multi-let scheme, located on the Boston Road Industrial Estate, marks the Manchester-based group’s first acquisition in Lincolnshire and strengthens its position in the industrial and office sector.
The site spans almost six acres and includes industrial units, a two-storey office building, production space and storage yard land.
Current occupiers include Morson Print & Mailing, Spaceright Europe, Quadrant Surveying, B A Bush & Son and a private gym operator.
The estate also includes more than 11,000 sq ft of vacant space, providing leasing and asset management opportunities for the group.
Executive chairman Stephen Ashworth said the acquisition aligned closely with Hurstwood’s long-term investment strategy.
“This is an excellent addition to our national portfolio and aligns with our strategy of acquiring well-located multi-let assets where our in-house team can employ proactive management strategies,” he said.
“We will continue working closely with occupiers to ensure the estate provides high-quality accommodation consistent with the wider Hurstwood portfolio.”
Ashworth added that the vacant accommodation also created scope for future rental growth and investment upside.
“The availability of vacant space presents a clear opportunity for future rental growth and further enhancement of the asset over time,” he said.
Hurstwood Holdings owns and manages a UK-wide commercial property portfolio valued at more than £400m, supporting over 1,500 occupiers across 150 locations in England, Scotland and Wales.
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