Trio of deals worth over £20m completed

A 152,000 sq ft industrial unit at Magna 34 Business Park in Rotherham was sold to London Metric Property and the Riverview mixed-use site at Quest Park, Doncaster, was bought by Harrogate-based property development and investment firm Marrtree Investments for £555,000.

Both deals were advised by Sheffield-based Commercial Property Partners. The company also advised on the sale of a 264,450 sq ft industrial warehouse in Sutton-in-Ashfield, North Nottinghamshire, to Legal and General Property.

The two industrial buildings were sold for more than £20m.

Roger Haworth, partner at CPP, said: “We strongly believe these two very significant deals have put us on the map.”

He added: “Both transactions were great results in the current market where there is lots of aggressive bidding for prime, long-let industrial assets with good covenants.

“Regarding the Magna deal, the high profile nature of the tenants Royal Mail, who were listed on the London Stock Exchange in October 2013, coupled with the quality of build, proved key in attracting investor interest.”

Riverview, which comprises offices, industrial and a showroom in 3.3 acres, was jointly developed by Sladen Estates and Peveril Securities. It is the third and final phase at Quest Park.

Mr Haworth added: “It is apparent that the dark days of the recession are now behind us and we are seeing very encouraging signs of recovery within the market.”