Scunthorpe’s Queensway Business Centre has been bought by a Manchester property investment and development company.
Hurstwood Holdings has added the 20,820 sq ft hub to its portfolio in a £14 million acquisition run. It takes the firm’s investments in 2022 to £35 million - and the value of the national portfolio to £275 million, with 150 sites and more than 1,000 occupiers.
The multi-let operation is the workplace for 20 tenants, and sits in just over two acres off the main Ashby Ville Roundabout eastern entrance to the town, by the A18. It was one of six additions through auction or private treaty.
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Queensway was previously owned by Cheshire-based Dean Property Group, and boasts 33 units, arranged over three wings from a central reception on Queensway Industrial Estate. It is accessed from Dunlop Way, off Brigg Road.
Joining it in the high value spree were Fraser House in Ipswich town centre, a 16,409 sq ft multi-let office building; Bridge of Don Industrial Estate in Aberdeen, a six warehouse unit location covering 30,470 sq ft; Vision Park in Peterborough, another six warehouse site covering 15,037 sq ft; Mandale Triangle in Thornaby, Stockton-on-Tees: a 30,656 sq ft industrial building; Kings Court in North Shields, a two-storey modern office building covering 78,577 sq ft, the majority of which is the courthouse.
Stephen Ashworth, chairman and chief executive of Hurstwood Holdings, said: “We are always on the lookout for unique opportunities to boost our portfolio from fully occupied buildings to ones where we can capitalise on our in-house team’s expertise and add value. Whilst we are a North West-based business, we are significantly increasing our presence nationally.
"We have the experience and skills to manage large commercial investments having grown organically over the last 30 years which has helped shape the future of the business. Our focus is to buy property well and use our skills and efficiency of service to provide value and quality of space for occupiers large and small, and for all aspects of commercial uses.”
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