The Jockey Club has launched the sale of 15 open storage sites of non-core racing land from within its portfolio.
The sites are strategically located on or near The Jockey Club’s network of racecourses across the UK and provide a range of flexible open storage options, including automotive vehicle storage, bulk storage solutions and distribution services
Opportunities range from 0.25 to 10 acres and include sites such as Huntingdon, Haydock Park, Carlisle and Sandown Park.
Carter Jonas’ open storage team is working alongside M1’s commercial agency team and The Jockey Club, to unlock the potential of each site.
Stuart Mitchell, managing director of The Jockey Club, said: “We are delighted to be launching this open storage portfolio. The Jockey Club is seeking to diversify our revenue streams to reinvest back into British Horseracing and has a vast portfolio of surplus non-core land which will lend itself well to the open storage sector without hindering or affecting our day-to-day operation of our 15 courses both long-term, and short term in racing off seasons. We believe our prominent locations close to major urban conurbations and transport infrastructure will provide excellent locations for occupiers seeking open storage solutions.”
Andrew Smith, partner, commercial, at Carter Jonas, added: “Each site contains a combination of factors, including the requisite scale and specifications, increasingly sought by open storage occupiers. In recent years, the rapid acceleration of this sector has been driven by high demand from a more diverse field, including niche users to the more traditional building contractors, logistics and parcel distributors. Given the quality of these sites, we expect them to appeal to occupiers, who consider such locations as ‘mission critical’ to their operations, and we look forward to working with Stuart and his team over the coming months to release their value.”
Jonjo Lyles, partner at M1 Agency, said: “These sites are strategically situated within or in close proximity to 15 prestigious racecourses across the country, collectively spanning an impressive 5,000 acres. Each of these locations offers a versatile range of open storage solutions, distribution services and logistical prospects for an ever-growing open storage market.”
