Tuesday, June 18, 2024

Scunthorpe Business Centre snapped up in £14m acquisition run

Scunthorpe’s Queensway Business Centre has been bought by property investment and development company, Hurstwood Holdings.

Previously owned by Dean Property Group, the recently Refurbished Business Centre in Scunthorpe boasts 20,820 sq ft comprising 33 offices from 168 sq ft.

Hurstwood Holdings has added the hub to its portfolio as part of a recent £14 million acquisition run in recent weeks, taking its total spend on new properties this year to £35m.

The £14m acqusition spree also included Six modern warehouses totalling 15,037 sq ft in Peterborough, a 16,409 sq ft multi-let office building on Museum Street in Ipswich, six warehouse units in Aberdeen, a 30,656 sq ft industrial building in Stockton-on-Tees and a  two-storey modern office building totalling 78,577 sq ft, in North Shields.

Stephen Ashworth, Chairman and CEO of Hurstwood Holdings, says: “So far this year, we have acquired 15 new properties with a total investment value of over £35 million. 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 with properties in England, Scotland and Wales, spanning from Inverness to Ipswich. We have the experience and skills in house 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 our occupiers large and small and for all aspects of commercial uses.”

The buildings were all sold for an undisclosed figure by auction or private treaty. Together provided the funding for each of the purchases.


A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £27.55 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.


Latest posts

Margaret marks 30 years as a school crossing patrol

Pupils, teachers, parents and pedestrians have joined North Lincolnshire Council in thanking school crossing patrol Margaret Long, who last month chalked up 30 years...

A triumphant opening weekend for ‘Live at Lincoln Castle Concerts’!

An exuberant crowd of 10,000 concert goers filled the grounds of the historic Lincoln Castle this weekend for the opening of the much-anticipated Live...

Classic Ibiza reveals full orchestral set ahead of sold-out Burghley House return

With Classic Ibiza’s sold-out return to Burghley House near Stamford on Saturday 27 July just over a month away, the concert organisers have revealed...

Moving house in Lincolnshire: a quick start guide

At the beginning of 2024, the average house price across the whole of the UK was around the £280,000 mark - shocking considering that...

Free family fun coming to Sutton-on-Sea

Sutton-on-Sea is all set for a busy summer of free family events and activities, as part of the South & East Lincolnshire Councils Partnership's...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.