Drake & Partners have advised Dawsongroup in relation to a £42m land sale just outside just outside the village of Brogborough at junction 13 of the M1. The team advised the listed commercial assets supplier on the disposal of the parcel of land, measuring 14.70 acres. The transaction boasts of a record price of circa £3m/acre for land outside the M25 classified as B1/B8.

Initially purchased by Dawsongroup Chairman Peter Dawson for around £45,000 as agricultural land in the 1970s, the company decided to sell the land following the pandemic and it will now be used for logistics and distribution. Dawsongroup will retain 30 acres of the original 70 acres purchased.

Freya Dawson, Group Property Director said, “The original purchase decision by our group chairman was astute and very forward-thinking. I felt a huge responsibility to realise the value of this site, so to achieve a sale for a sum of this size and what is thought to be a record price per acre, was a solid achievement by everyone involved. I’m proud to have driven this deal from start to finish with the business achieving such a fantastic return on investment.

“Our agent, Nick Roberts and Joe Smith from Drake & Prartners and our solicitor, Darren Debock from Freeths, were integral to the success of the land sale and both did an excellent job. To be told that the sale could represent a record quantum outside the M25 really solidified what an achievement it was.”