Firethorn has acquired an 80.2-acre logistics site in Bardon, Leicestershire, from Diamantem for an undisclosed sum, with plans to develop two industrial units totalling 947,650 sq ft.
CGI of Bardon development. Credit: Firethorn
Firethorn plans to spend £125m developing the units on a speculative and build-to-suit basis.
Previous phases of development at the Mountpark site are occupied by distribution and manufacturing occupiers including Amazon, DHL, Eddie Stobart, VF, Vistry, and Pharmacy2U.
The deal is the latest in a series of purchases by Firethorn, following the acquisitions of two logistics sites in Maidenhead and Aylesbury in December, which added a further 26.3 acres to its portfolio.
James Sanders, head of industrial and logistics at Firethorn, said: “This latest acquisition reflects our disciplined approach to logistics investment, targeting high-quality assets that enable us to create long-term value.
“Bardon is one of the UK’s most established logistics locations, ideally suited to large-scale occupiers demanding scale, connectivity, and access to skilled labour. This is an exciting project for Firethorn and we’re looking ahead to delivering best-in-class product in a proven core market.”
Firethorn has started infrastructure work on the scheme and expects it to reach practical completion in 2027.
Firethorn was advised by CBRE.
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