A Warwickshire property company has completed the biggest investment deal in its history by acquiring an opportunity on its doorstep.
AC Lloyd Commercial has acquired The Shires Gate Trade Park for an undisclosed seven-figure sum.
The Shires Gate Trade Park in Tachbrook Park Drive, Leamington, was previously owned by the Canal & River Trust.
The Trade Park comprises of a stand-alone Travis Perkins builders’ merchants and four smaller trade units occupied by City Plumbing, Tile Giant, Toolstation and Benchmarx.
AC Lloyd, whose headquarters are also in Tachbrook Park, has developed the majority of the 132-acre Tachbrook Park throughout its 75-year history.
Mark Edwards, managing director at AC Lloyd Commercial, said this was an excellent opportunity to add a high-quality asset with long-term income to its investment portfolio.
He said: “Tachbrook Park remains one of the busiest and most sought-after business parks in Warwickshire not just Leamington, and over our 75-year history we have helped to attract a wide range of businesses, across various sectors, to the location.
“The investment opportunity arose to purchase Shires Gate Trade Park and it was too good an opportunity to miss.
“We have also recently developed the £5.5 million Space Business Centre, Warwick on Tachbrook Park that is attracting occupiers from a wide range of sectors which underlines the need for units of all sizes to help businesses to thrive and boost our local economy.
“This deal represents a significant acquisition as part of our strategy for the expansion of our investment business activities.”
AC Lloyd Commercial was represented by agent Duncan MacLaren (MacLaren & Partners) and solicitor James Polo–Richards (JG Poole & Co) in the acquisition.