Part of a Kent industrial estate has been sold for £2.25 million.
A plot on the Eurolink in Sittingbourne, has been bought by Barwood Capital, a Northampton-based real estate development and investment company, from Trenport Investments.
The plot, which has been called Trilogy, is 4.2 acres and is on the estate's new 30-acre Eurolink V.
Tenants on Eurolink V include The Salvatori Group, Pickering Plant, Doka and The COOK Kitchen.
Barwood Capital has submitted a planning application for Trilogy to Swale council, totalling 7,803 square metres across three units. Subject to planning, the site will be built with development manager Tavis House Properties.
Richard Hall, Trenport Investments' CEO, said: “Eurolink continues to have success along with the performance of all our projects in Kent and we are very much looking for more opportunities.
"I think it’s a shrewd purchase for Barwood Capital as all other plots have been acquired by owner occupiers and we only have 2.3 acres remaining.”
Ed Henson, director at Barwood Capital, said: “Our focus is on opportunities where there is an under-supply and good occupational demand.
"Sittingbourne’s location in the Thames Gateway, with good access to the M2 and M20 and links into London’s south east and south coast ports, means it is in a great location for logistics and manufacturing companies looking for new space.
"There is currently a lack of supply in the area and we are speaking to both local and national operators needing space quickly to grow. We have committed to speculatively developing the three units at Trilogy, subject to planning. We also have a clear pipeline of further opportunities in which to invest.”
A tree planting ceremony was held in June 2018 to mark the completion of the roads and service infrastructure for Eurolink V.
It was carried out by Sittingbourne and Sheppey MP Gordon Henderson and Swale council’s former cabinet member for regeneration, Mike Cosgrove.
The Eurolink extends to over 250 acres, with over two million square feet of accommodation.