American industrial and logistics investor secures Northampton site
American Industrial and logistics investor LBA Logistics has snapped up developer Horton’s three unit Saxon Park scheme in Northamptonshire as it seeks to establish itself in the UK.
By Liza Helps, Property Editor, Logistics Matters
THE THREE units, totalling more than 266,000 ft2, were sold to LBA Logistics in a multimillion-pound transaction and make up one of six sites the company has secured in the UK so far – the others include investments in Crick, Unsworth, Hayes, London as well as units available for lease in Trafford Park.
The Saxon Park properties include Saxon 58, the Russell & Bromley logistics centre, together with Saxon 80 and Saxon 132, two newly created Grade A units of 79,928 ft2 and 131,536 ft2, delivered through the redevelopment of a single vacant warehouse.
DTRE and TDBRE acted on behalf of Hortons, while ACRE Real Estate represented LBA Logistics.
Situated on Oakley Hay Industrial Estate, Saxon Park is close to Corby town centre with transport links via the A6003 and A14, providing access to the M1/M6 and A1/M11 motorways.
