Investment News | 16 February 2021
FHP secures sale of major Derbyshire premises
FHP Property Consultants has secured the sale of a significant industrial property in Derbyshire.
Acting on behalf of long-term clients, the firm has sold the premises in Alfreton, which total just under 60,000 sq ft, to expanding local company Autochair.
Tim Gilbertson, from FHP, who acted on behalf of the vendor, said: “It was a pleasure to act for what has been a long-term client of mine on this sale and see such a good result achieved.
“Even in these early days of the year, despite the further lockdown, we have already had the phone ringing and emails popping up regularly with enquiries from parties looking to rent or buy industrial or distribution space throughout the region.
“It’s always dangerous to try to predict ahead in such turbulent times but from a pure ‘supply and demand’ basis, it does seem as if we are set for another year of continued rent and capital value increases, coupled with an overall lack of supply and good demand throughout all sizes of the industrial and distribution market throughout the East Midlands.
“Hopefully, more stock will come forward and we would be delighted to discuss marketing any buildings within the East Midlands from clients, old or new, to try to satisfy the demand, which seems to remain in place as it was throughout 2020.”
