Dunmoore has successfully sold phase 1 of its newly developed Biggleswade Trade Park in Bedfordshire, marking another significant milestone for the company. The multi-let trade estate was sold to a private investor for £6.25m, reflecting strong market demand for high-quality industrial assets in the region.
Biggleswade Trade Park consists of four self-contained trade units, totaling 24,197 sq ft, all fully let to national operators. Tenants include Screwfix, Howdens, Toolstation, and B.E.D Electrical, all of which had signed long-term leases. The estate generates a total rental income of £381,713 per annum, providing the buyer with an attractive return. The sale follows the phase 1 completion in November 2023, with all units fully let prior to practical completion.
The development also benefits from strong ESG credentials, including an estate-wide green energy grid and electric vehicle charging points. These sustainable features are increasingly attractive to both occupiers and investors, adding long-term value to the site.
This transaction concludes the first phase of the Biggleswade Trade Park development. Plans for a second phase, set to deliver an additional 19,000 sq ft of business space, are already in place and expected to be completed during 2025.
Jeffrey Hobby, Chief Executive of Dunmoore, commented on the sale: “The sale of Biggleswade Trade Park marks another successful transaction for our growing Made for Trade portfolio. The fully let site and its prime location near major transport links make it a highly desirable investment. The proceeds will be reinvested into new opportunities as we continue to expand our portfolio of value-add and development projects.”
Dunmoore was advised by Knight Frank in the sale, further solidifying Dunmoore’s track record in delivering high-quality trade counter developments in strategic locations.
