Newfield Industrial Estate in Tunstall
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A huge industrial estate in Stoke-on-Trent is under new ownership following a £6.7 million acquisition.
Hanley-based Sandyford Properties has sold Newfield Industrial Estate, in Tunstall, to Network Space as part of a hat-trick of recent acquisitions by the commercial property developer.
Sarah Townsend
The industrial developer has sold plots at Brookfield Business Park in Aintree and Estuary Commerce Park in Speke to 4
th Industrial, a venture backed by TPG Real Estate Partners, as part of a £40m UK-wide deal.
Network Space has planning consent to deliver 72,000 sq ft of light industrial and logistics space at Brookfield Business Park, close to the M57 and A580.
At Estuary Commerce Park, Network Space has consent to develop the last remaining frontage plot into 104,000 sq ft of space across 11 units. The development site faces facing Speke Boulevard and is part of the wider commercial area around Speke.