TT Group has sold Eldon Way Trading Estate in Biggleswade, Bedfordshire, for circa £17m to Chesham Capital.
TT Group acquired the 7.35-acre estate, which comprises 24 units offering 153,383 sq ft, in January 2023 as part of the Zeta Portfolio and has since refurbished several units.
Matthew Pearson, associate director, acquisitions at TT Group, said: “We are delighted to complete this sale following the successful implementation of our asset strategy. We acquired Eldon Way Trading Estate as part of a portfolio of well-located properties, with strong fundamentals, where we identified potential for value-add. The sale of this asset crystalises our business plan and provides a successful outcome for our shareholders.”
Paul Munday, head of investment acquisitions at TT Group, added: “We are keen to re-invest the disposal proceeds into new assets, in addition to further planned balance sheet acquisitions. We continue to look for deals of a similar profile, focusing on the multi-let and mid-box industrial sector in particular.”
TT Group was advised by DTRE – Shoosmiths acted as solicitors. M1 Agency represented Chesham Capital.
