Investment News | 14 February 2024
Castlewood proves perfect fit
A uniform and sportswear supplier has taken space at a Derbyshire business park.
Schoolblazer has agreed a 10-year lease on a 77,000 sq ft unit at Castlewood Business Park, at Junction 28 of the M1.
The new unit forms part of a portfolio that Hines purchased on a forward funding basis from Clowes Developments.
The Schoolblazer deal, secured by FHP Property Consultants, was completed within a month of the building’s practical completion.
Tim Gilbertson, from FHP Property Consultants, who acted on behalf of Hines on the deal, said: “It’s great to see this deal done so quickly after practical completion of the building.
“This latest letting confirms again the activity in the East Midlands distribution and manufacturing market.”