Trebor Developments and Hillwood have announced the acquisition of a 20-acre site in Raunds, North Northamptonshire from Aequitas Estates.
The deal was an off-market transaction.
As it stands, the site includes planning permission for a four-unit mid-box scheme, with sizes of said units ranging from 10,650 to 117,050ft2. The scheme will be marketed at “Quattro, Raunds”.
Starting from next month [August 2024], all four units will be built on a speculative basis. Practical completion is predicted for Q4 next year.
On the deal, Greg Dalton, development director for Trebor, said: “We’re absolutely delighted to have completed this deal on a site we have long held an interest in acquiring.
“It sits well within our strategy to expand along the A14/A45 and, with the benefit of detailed planning consent, allows us to deliver the scheme within 2025 to satisfy occupier demands. Thank you to Aequitas and also our team for getting this over the line”.
Bidwells represented Trebor and Hillwood for the acquisition, whilst M1 Agency acted Aequitas’ behalf. Both have been retained as joint letting agents.
