Engineering company Automotive Pumps Holdings has acquired the 55,000 sq ft MK:55 warehouse in Bletchley from international gifts retailer Sass & Belle for an undisclosed price.
The freehold property was marketed by Watling Real Estate with a price tag of £5m+. The warehouse, which sits on a 2.5-acre site on Bramley Road, has a secure gated yard, two-storey offices and parking for around 33 cars.
Eamon Kennedy, executive partner and head of industrial and logistics at Kirkby Diamond, which acted for Automotive Pumps Holdings on the acquisition, said: “It says a lot about Kirkby Diamond and our industrial team that, having sold the property back in 2022, we were then approached by another client with a view to acquiring MK:55 on their behalf. That’s something that we are rightly proud of.
“On this occasion, we acted on behalf of the Milton Keynes-based engineering company who called upon our advice to acquire the warehouse premises from their two existing bases in Milton Keynes. We are pleased to say that we are currently advising the purchaser of MK:55 on the disposal of their existing premises which will hopefully be brought to the market shortly.”
Paul Quy, industrial agency partner and head of agency in Kirkby Diamond’s Milton Keynes office, added: “As part of the purchasing process, Kirkby Diamond also provided building surveying advice which, in collaboration with the industrial agency team, helped to acquire the unit at a competitive market price.
“Opportunities to acquire freehold industrial space as good as this are few and far between so we were delighted to be able to secure MK:55 on behalf of our client. This once again clearly demonstrates that our knowledge of the regional market is second to none.”
