QCP Real Estate, the investment arm of Quilvest Capital Partners, has bought Falcon Works, a multi-let industrial estate in Loughborough, East Midlands.
The acquisition price was not disclosed, but market sources have indicated the value of the deal at £35m.
The asset offers potential for the development of unused land and the redevelopment of obsolete space into new grade-A space with a more efficient vehicle circulation plan and improved ESG characteristics. Quilvest intends to invest in this redevelopment opportunity to support the growth of small and medium-sized businesses in the area.
The transaction is QCP’s fourth in the past nine months across the industrial sector in the US, UK and Europe.
Patrick Laroche, principal at Quilvest, said: “This is a highly attractive property, due to its favourable location and good accessibility, with scope for value add through development and commercial initiatives.”
View recent deals in the Loughborough industrial market >>
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