Drake & Partners

Recent Deal

M&G advised in Investment Acquisition

Brackmills Central, Northampton

274,000 Sq Ft
Brackmills Central

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Contact: Nicholas Roberts

Tel: 01604 620616

Email: nroberts@drakeandpartners.co.uk

Drake & Partners have advised M&G Real Estate in its acquisition of Brackmills Central from Pears Property Group. The estate comprises of 32 units of multi let industrial space, which totals 274,000 sq ft.

Chris Jeffs, Investment Manager at M&G said: “This acquisition is in line with M&G Real Estate’s strategy to continue to acquire good quality multi-let industrial estates in supply stricken markets. Brackmills Central provides a great opportunity for us to drive rental growth through active management in a market that is starved of small units of a high quality”.

Ben Grossmann, Investment Director at Pears Property said: “Over the last two years we have actively managed the estate and aimed to recycle the equity as soon as possible”

Stonehill Partners & Drake & Partners advised M&G Real Estate, while Franck-Steier Price & Harris Associates advised Pears Property.

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