A substantial 35,000 sq. ft. high bay freehold warehouse located on a 2.8 acre site in the centre of Severalls Industrial Park has been sold to a private investor advised by Ellisons. Ellisons advised on the freehold acquisition and grant of a lease to ThinkBDW of part of the property which completed at the same time as the freehold acquisition.
ThinkBDW, the UK’s leading property marketing agency, will be the tenant of part of the property under a lease and will be using the site as its new UK headquarters. Robert Day, CEO of ThinkBDW said: “We are delighted to be able to move to this 2.8 acre site on Severalls Industrial Park, which is a prime location. The fact we are remaining in Colchester is an endorsement of the town’s dynamic environment.”
The Private Investor was delighted with the service: “The expert advice enabled the transaction to complete smoothly and within the timescales I required. I was impressed by his ability to explain the commercial risks of any legal issues associated with the transaction.”
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