Rotherhill Expands Portfolio with Daventry Industrial Site Acquisition
Deal News | Apr 01, 2025 | B Daily
Rotherhill, a property developer based in the Midlands, has successfully acquired a 10,000 square foot industrial unit on the Drayton Fields Industrial Estate in Daventry. Partnering with DCS 452 Limited and Nowell Spring Group Limited, Rotherhill purchased the unit from a private pension fund. This acquisition forms part of Rotherhill's strategy to target existing buildings with strong fundamentals for refurbishment. The company plans to carry out significant upgrades including roof re-coating and installing modern heating and lighting systems. The refurbishment is aimed at attracting a long-term tenant or potentially selling the unit as a best-in-class facility to an owner-occupier. The works are forecasted for completion by July 2025. Rotherhill’s leadership has expressed enthusiasm about this project, noting the value-add opportunities and alignment with their strategic focus on properties with short income or vacant possession.
Sectors
- Real Estate
- Investment Management
Geography
- United Kingdom – The industrial unit is located in Daventry, a town in the United Kingdom, making it a central geographic focus of the article.
Industry
- Real Estate – The article revolves around the acquisition and planned refurbishment of an industrial property, indicating the significance of the real estate industry.
- Investment Management – The involvement of funding partners and the acquisition from a pension fund underscore the role of investment management in this transaction.
Financials
- – The article does not specify the financial terms or amount involved in the acquisition of the industrial unit.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Rotherhill | Target Company | Company | A Midlands-based property developer acquiring the industrial unit and leading the refurbishment project. |
| DCS 452 Limited | Funding Partner | Company | A funding partner involved in the acquisition of the industrial unit. |
| Nowell Spring Group Limited | Funding Partner | Company | A funding partner involved in the acquisition of the industrial unit. |
| Private Pension Fund | Vendor | Company | The seller of the industrial unit located in Daventry. |
| Stuart Waite | Associate Director | Person | Associate Director at Rotherhill who commented on the acquisition. |
| Paul Bagshaw | Owner and Founder | Person | Owner and founder of Rotherhill, who discussed the strategic fit of the acquisition. |