Buyer swoops for Safestyle UK’s old Barnsley base
Glenbrook Investments has acquired a 62,000 sq ft industrial estate from Interpath Advisory, administrator of the collapsed window supplier’s parent company HPAS.
The sale price has not been disclosed, but following Bradford-headquartered Safestyle’s fall into administration with Interpath Advisory in October 2023, the property was marketed by Hilco Real Estate at a guide price of £2.75m.
Located on Station Road Industrial Estate in Barnsley, the property was originally constructed as a multi-let industrial estate, but was then used solely by Safestyle as its UK distribution and training facility.
Comprising 17 units across three terraces on a 4.5-acre self-contained site, the sale also includes a 1.6-acre parcel of vacant land, providing options for future development or expansion.
Scott Griffiths, director of Glenbrook Investments said: “We are excited to add this to a portfolio of industrial repositioning projects that we have been carefully rebuilding following significant disposals in 2021 and 2022.
“We are very fortunate to have a great team and with live projects nearby, we have been able to make a quick start on site. We now look forward to bringing this estate back to life as a modern, sustainable destination for local businesses.”
Ian Whittaker, director at Watling Real Estate in Manchester, advised Glenbrook Investments. He said: “We were delighted to advise our client on this fantastic value-add investment. The property presents an excellent opportunity to create a thriving multi-let industrial estate of sub-5,000 sq ft units, which we know are in high demand from local and regional occupiers that are currently suffering from a constrained supply of smaller, modern units.”
Watling Real Estate, CMS and GV&Co acted for Glenbrook Investments. Hilco Real Estate acted for the joint administrators at Interpath Advisory.
