Midbox scheme for Bedfordshire
Private equity real estate investor Paloma Capital and development partner Graftongate have completed the off market acquisition of a 5.77 acre industrial site in Bedfordshire where they intend to develop a £25 million Midbox warehouse scheme.
By Liza Helps Property Editor Logistics Matters
THIS IS the fourth development between the JV partners, and follows Banbury 200, Exeter Trade Park in Marsh Barton and Urban Logistics Park, Tottenham, a new 63,830 ft2 Grade A industrial/warehouse scheme.
The Bedfordshire site is located on the multi-let Elm Farm Industrial Estate in Caxton Road, next to the A4280 dual carriageway. The proposed scheme could accommodate unit sizes of up to 100,000 sq ft.
Graftongate director Alex Thomason, said: “Caxton Road offers an excellent opportunity for a prime commercial redevelopment in close proximity to Bedford and the M1, where there is strong occupier demand.”
Paloma and Graftongate were represented by Colliers International.
