Birmingham-based family-owned property company Hortons’ Estate has bought Old Dalby Business Park for £10 million.
The 39-acre site comprises of 12 industrial/warehousing units, totalling about 500,000 sqft.
There is currently around 100,000 sqft of vacant space to let at the site.
Richard Norgrove, property director at Hortons’ Estate, said: “Old Dalby is an excellent addition to Hortons’ growing property portfolio. The opportunity to add value by working with existing occupiers and letting the vacant space, coupled with the provision for further development on the site, made Old Dalby a compelling investment.”
Hortons’ Estate owns and manages a property portfolio comprising leisure, retail, offices and industrial property, including the historic Grade II* listed former Grand Hotel on Colmore Row, Birmingham.
Hortons’ bought the Old Dalby Business Park from Canmoor, which was acting on behalf of an American investment fund.