18 July 2017
Mattioli Woods funds purchase of 14-acre industrial site at Leicester’s Rothley Lodge
MATTIOLI WOODS and Rotherhill have joined forces to develop a rare industrial opportunity on the outskirts of Leicester.
A 14-acre industrial site at Rothley Lodge Commercial Park, near Loughborough, has been acquired from Samworth Brothers with funding provided by a syndicate of Mattioli Woods investors in a deal that completed on July 14.
The site will be developed by experienced commercial property development company, Rotherhill Developments.
With scope for a range of design and build industrial buildings totalling in the region of 223,000 sq. ft., planning for three buildings on the new Rothley Lodge site is expected by the end of 2017, with consent for B1, B2 and B8 manufacturing and light industrial buildings.
The premises will be available on a leasehold or freehold, ‘design and build’ basis, creating a rare opportunity for potential occupiers in the current commercial and industrial property market climate, where bespoke space in the sub 150,000 sq. ft. category is in short supply.
Rothley Lodge is located just off the A6 Loughborough Road to the north of Leicester, between Mountsorrel and Rothley, making it ideally located for links to the A46 Northern Bypass and Junction 21 and 22 of the M1.
The full site comprises of around 22-acres, originally acquired by Rosemound in 2004, with the majority developed for Sofidel (formerly L.P.C.) as a substantial converting plant and warehouse.
East Midlands-based Rotherhill Developments, a commercial property development and asset management company, has proven expertise in delivering major development projects across the Midlands, with a portfolio of mixed-use retail schemes and major business parks including Lancer House, Oadby Plastics, and Radar Road in Leicester, and Nottingham’s Central Park.
Ben Aspell, business development manager of Custodian Capital – the property fund management subsidiary of Mattioli Woods plc – said: “We are delighted to have completed the acquisition of the site at Rothley Lodge on behalf of investors from Mattioli Woods plc.
Paul Bagshaw, Rotherhill’s owner and MD, said: “This new industrial development site offers huge scope. It represents a rare opportunity for an occupier to design and build to meet their needs, and a chance for growing businesses in the Leicestershire area to facilitate the next phase in their expansion with the option to either lease or buy premises, and potentially create jobs for the local community too.
Agents for the Rothley Lodge scheme will be Andrew Ashwell and Fisher Hargreaves Procter, and buildings are being offered on a freehold or leasehold design and build basis.
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