Network Space Investments (NSI) has completed the £9m acquisition of a 103,262 sq ft industrial estate on Grange Mill Lane in Sheffield.
NSI will comprehensively refurbish and reposition the estate, which comprises four vacant warehouse units, as a modern, high-spec industrial hub.
The scheme, which is located close to junction 34 of the M1, will offer units ranging from 10,000 sq ftt to 50,000 sq ft, all featuring 8m eaves. The new units will be available from late summer 2025.
Tom Dawson, investment director at Network Space Investments, said: “This is a well-located and underutilised estate that offers significant potential for value creation. Our plan is to deliver modern, energy-efficient space suitable for a range of occupiers – and the flexibility of unit sizes will appeal to both regional businesses and national operators. The acquisition reflects our confidence in the industrial sector and supports our long-term strategy of investing in assets with strong fundamentals in resilient, growth locations.”
CPP acted on behalf of the vendor and NSI was unrepresented.
