Property investment group M Core has expanded its UK industrial portfolio with the acquisition of two industrial assets in Corby and Chesterfield, adding almost 160,000 sq ft of commercial space to its estate.
The latest additions include Big Hatton and Little Hatton in Corby, a two-unit industrial asset located on Weldon North Industrial Estate, and Station Lane Industrial Estate in Chesterfield, an established multi-let industrial scheme.
Together, the properties provide approximately 159,679 sq ft of warehouse, office and industrial accommodation.
Big Hatton and Little Hatton comprise 40,862 sq ft of warehouse and office space, alongside secure yards and strong transport links via the A43 and onward access to the A14.
Station Lane
Existing occupier Goggleboxes, which previously leased the site from LCP, has agreed a new 10-year lease as part of its expansion plans.
Station Lane Industrial Estate adds a further 118,817 sq ft of industrial space to M Core’s portfolio, comprising 46 units and strengthening the group’s presence in the UK’s multi-let industrial sector.
Will Helm, associate director of LCP UK, part of M Core said: “These acquisitions reflect our long-term approach to investment and add two complementary assets to our UK industrial portfolio. Big Hatton and Little Hatton presented an opportunity to support the expansion of an existing occupier, while Station Lane is a well-established industrial estate that complements our portfolio. We’re looking forward to investing in both assets and working closely with occupiers over the long term.”
The acquisitions form part of M Core’s long-term investment strategy, focused on securing well-located industrial properties across the UK and working closely with occupiers to support growth and operational needs.
Helm will oversee the management of both assets, supporting ongoing investment and engagement with occupiers.
Legal advice on the transactions was provided by Osborne Clarke.