Tetra Real Estate, part of The Wigley Group, has purchased a multi-let industrial estate in Kettering for an undisclosed price.
The estate at 64 Trafalgar Road provides more than 27,500 sq ft on a 1.15-acre site and is fully let to a range of different businesses.
Tetra Real Estate intends to undertake a programme of improvements at the estate focused on enhancing compliance, health and safety standards and occupier experience.
Chris Parsons, managing director of Tetra Real Estate, said: “This acquisition perfectly reflects the type of asset we are targeting as we continue to grow our portfolio across Northamptonshire and the wider region. We were attracted by the estate’s strong fundamentals and high occupancy. It is already a successful site, but we believe there is significant scope to strengthen what is there through investment, engagement with existing tenants, and proactive management.
“What matters to us is creating places where businesses can operate successfully for the long term. We take pride in building strong relationships with occupiers, improving the quality of our estates and ensuring our assets perform at their full potential. Northamptonshire remains a key focus for us and we expect to continue investing in the county as suitable opportunities arise.”
The acquisition was brokered by property consultancy Berrys.
