British Property Firm Finalises £5.7m Sale of Hedge End Industrial Site to UAE Entity

Share This Post

In a noteworthy transaction spotlighting international investment in the UK property market, TT Group, a prominent British property investment and development firm, has concluded the sale of an industrial site in Hedge End, Hampshire, for £5.7 million. The purchaser, an undisclosed private company based in the United Arab Emirates, has secured ownership of the property.

Formerly known as Telereal Trillium, TT Group stands as one of the country’s premier privately owned property investment entities. Their acquisition of the Solent Trading Estate on Shamblehurst Lane in December 2022 marked a strategic move into Hampshire’s industrial property landscape.

The recent announcement of the sale underscores TT Group’s capability in identifying assets with potential for value appreciation and executing profitable exits through active asset management strategies. A spokesperson for TT Group commented on the sale, stating, “Our investment in Solent Industrial Estate demonstrates TT Group’s ability to identify assets with potential to add value and realise upside through active asset management.”

The Hedge End industrial site spans 1.85 acres, comprising two self-contained units. Unit 30, which has been leased long-term to Sentry Self Storage Limited, a family-owned self-storage business established in 1988, while Unit 29 recently secured a significant tenant. In June 2023, TT Group announced the signing of Active Freight Management, an international freight forwarder, on a 10-year lease agreement with an annual rent of £196,950.

With a diverse tenant portfolio, including notable names like Screwfix, Wickes, DPD, and Magnet, alongside tenants at the Hedge End Retail Park such as Sainsbury’s and Marks & Spencer, the Solent Industrial Estate stands as a thriving business hub. The strategic location of the estate offers convenient access to major transport arteries, including Southampton, Portsmouth, Southampton Airport, and London, further enhancing its appeal to businesses.

The buyer, represented by commercial property consultants and estate agents Lambert Smith Hampton (LSH), remains undisclosed, adhering to confidentiality protocols common in commercial real estate transactions. TT Group’s decision to divest the Hedge End site aligns with their ongoing strategy to pursue similar investment opportunities across the UK, with a focus on assets presenting avenues for future enhancement and value creation.

The sale of the Hedge End industrial site not only signifies international interest in UK property but also underscores the resilience and attractiveness of the country’s industrial real estate sector. As TT Group continues to seek out opportunities for growth and value creation, their strategic manoeuvres in the property market remain closely watched, reflecting broader trends in the dynamic landscape of British real estate.

In conclusion, the completion of the £5.7 million sale of the Hedge End industrial site to a UAE-based buyer marks a significant milestone in the UK property market. With TT Group’s strategic divestment, attention now turns to future developments and opportunities in the evolving landscape of British real estate.

Elliot Preece
Elliot Preecehttps://newswriteups.com/
Founder | Editor Elliot is an experienced journalist manager with a passion for writing. He played a pivotal role in building the News Write Ups website as a web developer and has since been leading the team of journalists to produce high-quality content. With his strong background in writing and web development, Elliot ensures that the website not only functions smoothly but also provides engaging and informative articles for readers. elliot@newswriteups.com

Related Posts

Stolen Bikes Now Top Priority for Avon and Somerset Police Following Increase in Thefts

Responding to a significant rise in bike thefts, particularly...

£6m Road Repair Budget Underspent, Council Discloses

A recent report presented to councillors has revealed that...

Residents Demand Action on Road Safety Amidst Growing Concerns in Birmingham

Residents living along Yardley Wood Road in Birmingham have...

Explorer Guy Deacon to Share Remarkable Journey in Wrexham Event

A remarkable tale of resilience and adventure is poised...