Midlands-based property investment firm Tetra Real Estate has completed the sale and leaseback of an industrial complex in Daventry for an undisclosed price.
Tetra Real Estate, which is part of the Wigley Group, has purchased the freehold of 1–3 High March, a 22,355 sq ft industrial complex fronting the A45 and occupied by abrasives manufacturer and distributor Master Abrasives.
The site comprises three buildings providing office, warehouse and production accommodation on a 1.3-acre plot. Master Abrasives, which has operated from the site since the 1970s, remains in occupation under a lease running until December 2030.
Chris Parsons, managing director of Tetra Real Estate, said: “This was a deal we were genuinely pleased to complete. Master Abrasives is a well-established business with deep roots in Daventry, and those are exactly the kinds of occupiers we like to work with. From the outset, the relationship with Paul and his team has been open and positive, and we see this as the start of a long-term partnership rather than just a transaction.”
Paul Batson, managing director of Master Abrasives, added: “We wanted a landlord who we could actually work with, not a faceless organisation based miles away. From day one, Chris has been straightforward, approachable and easy to deal with. Knowing that Tetra and the Wigley Group are based just down the road in Stockton gives us real confidence. If we ever have an issue with the property, we know it will be dealt with quickly and properly, which is invaluable for a business like ours.”
