Acting on behalf of Malco Holdings Ltd, Barker Storey Matthews Huntingdon have negotiated the acquisition of Unit 9 Orion Court on the Colmworth Business Park at St Neots. The property is currently occupied by Kinesis Ltd who have taken a new 10-year lease of the building.
Kinesis Ltd, is an award-winning leading international supplier and servicer of chromatography, liquid handling, sample storage and medicinal chemistry consumables and equipment. The company, now in its 20th year, has recently been awarded The Queen’s Award for Enterprise: International Trade 2016 as well as the Huntingdonshire Business of the Year & Business Development Awards for 2016. Kinesis is planning to expand its St Neots headquarters with additional office space to meet the growing demand on its products & services.
Alan Matthews of Barker Storey Matthews who acted for Malco Holdings Ltd on the acquisition commented “The market for good quality light industrial investments is strong and we are pleased to have negotiated the acquisition of this property for our clients. The price paid represents a net initial yield of 7.67% allowing for purchaser’s costs including SDLT”.
For further information contact Alan Matthews at Barker Storey Matthews. Tel: 01480 451578.
Barker Storey Matthews has acted successfully for a number of major corporate clients, private property companies, Local Authorities, individuals, financial institutions and pension funds on a whole variety of property matters.