A fully occupied industrial estate in Kettering has been acquired by a property investment firm as it looks to grow its portfolio in Northamptonshire.
Tetra Real Estate, part of The Wigley Group, has purchased Units 1-5 at 64 Trafalgar Road, a multi-let industrial estate extending to more than 27,500 sq ft and occupied by a range of established businesses.
The acquisition was brokered by property consultancy Berrys and marks Tetra Real Estate’s latest investment in a county where it is actively seeking further opportunities to grow its portfolio.
Located close to Kettering town centre and with access to the A14, the 1.15-acre site comprises a mix of industrial and storage accommodation arranged around a secure courtyard with tenant parking and delivery access.
Chris Parsons, managing director of Tetra Real Estate, said: “This acquisition perfectly reflects the type of asset we are targeting as we continue to grow our portfolio across Northamptonshire and the wider region.
“We were attracted by the estate’s strong fundamentals and high occupancy. It is already a successful site but we believe there is significant scope to strengthen what is there through investment, engagement with existing tenants, and proactive management.
“What matters to us is creating places where businesses can operate successfully for the long term. We take pride in building strong relationships with occupiers, improving the quality of our estates and ensuring our assets perform at their full potential.
“Northamptonshire remains a key focus for us and we expect to continue investing in the county as suitable opportunities arise.”
Tetra Real Estate plans to undertake a programme of improvements at the estate focused on enhancing compliance, health and safety standards, estate presentation and occupier experience.