MK2 Real Estate has completed the acquisition of Vesuvius Business Park, in Worksop, Nottinghamshire.
The multi-let trading estate, which comprises 16 trade counters and three retail units, totalling 46,921 sq ft and set on a 4.13 acre site, was acquired by Northern Trust, the family-owned property and investment company.
Tenants include Kitchen Craft, Burger King, Just Tyres, and Subway.
The site will be actively managed by Northern Trust’s Midlands office, with the Midlands region now extending to 1.4 million sq ft in 33 locations.
Tom Parkinson, director at Northern Trust, said: “This high-quality development compliments our Midlands portfolio as we continue to expand through strategic multi-let acquisitions and developments. Currently our portfolio supports in the region of 25,000 jobs across the UK providing space for the SME business community.”
As well as advising on the acquisition, MK2 Real Estate also undertook the building survey of the site.
Mark Johnson, director at MK2 Real Estate, said: “Vesuvius Business Park is a well-located prime asset with just two remaining units to let. It achieves above average rentals, providing a new build addition to the Northern Trust portfolio.”
CBRE advised the vendor.
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