Business centre forms part of £14 million commercial property acquisition trail
QUEENSWAY LOCATION TAKEN ON BY HURSTWOOD HOLDINGS
SCUNTHORPE’S Queensway Business Centre has been bought by a Manchester property investment and development company. Hurstwood Holdings has added the 20,820 sq ft 33-unit hub to its portfolio in a £14 million acquisition run. It takes the firm’s investments in 2022 to £35 million - and the value of the national portfolio to £275 million, with 150 sites and more than 1,000 occupiers.
The multi-let operation is currently the workplace for 20 tenants, and was previously owned by Cheshire-based Dean Property Group. It is arranged over three wings from a central reception, and located on Queensway Industrial Estate. It is accessed from Dunlop Way, off Brigg Road.
Of the acquisition, one of six additions through auction or private treaty, Stephen Ashworth, chairman and chief executive of Hurstwood Holdings, said: “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. We have the experience and skills to manage large commercial investments having grown organically over the last 30 years.
“Our focus is to buy property well and use our skills and efficiency of service to provide value and quality of space for occupiers large and small, and for all aspects of commercial uses.”