Wednesday, October 28, 2020
UK

Mobile Services acquires land in Leicestershire

CPP has secured the acquisition of a 2.25 acre site on behalf of the automotive logistics company

Property consultancy Commercial Property Partners LLP (CPP) has secured the acquisition of a 2.25 acre site in Ellistown, Coalville.

Acting on behalf of automotive logistics company Mobile Services, CPP secured the site which provides much needed expansion land adjacent to the company’s existing HQ. Loughborough based Mather Jamie acted for the vendor.

Mobile Services Limited, a family run business, has become a well-respected vehicle logistics service-provider over the past 30 years. With a fleet of over 80 car transporters operating across the UK the business provides logistic solutions to a wide range of customers in the automotive sector.

The expansion land is adjacent to Mobile Services’ existing HQ, situated on the South Leicester Industrial estate, which is within close proximity of J22 on the M1.

The acquisition will allow Mobile Services to expand the business’ head office and main operating centre in Ellistown, which serves as the HQ for the numerous operating centres that it runs throughout the UK.

Tony Badbury of Mobile Services said that they were eager to expand the existing HQ in Coalville, rather than relocate, and were delighted on being able to purchase this land right next to them. The location works really well, being based in the Heart of the Midlands region, and they are looking forward to executing the expansion plans.

The deal follows on from CPP’s disposal of the 3.7 acre former CPL Distribution depot on the same estate to a major logistics operator in late 2018 for £1.7m.

Stuart Waite, Partner at CPP, said that they are delighted to have identified this opportunity for Mobile Services, and with the help of Mather Jamie, were able to complete an off market deal quickly, enabling Mobile Services to expand operations at their existing HQ.

Alex Reid, Director at Mather Jamie said that having become aware that CPP’s client was looking to purchase expansion land, preferably close to the existing HQ, he approached his client Harworth Estates – the landowner in this case – and together they agreed an off-market sale of this site to Mobile Services, to the benefit of both clients.

Important:
This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

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