Network Space nabs another Sheffield industrial estate 

The investment company has acquired the £9m, 103,000 sq ft site on Grange Mill Lane, and intends to refurbish and reposition the four-warehouse development towards the high-spec market.

It follows NSI’s recent disposal of Europa Way at Trafford Park and acquisitions in Cowley Way, Sheffield, and Oakhill, Manchester.

Roger Haworth at CPP acted on behalf of the vendor while NSI was unrepresented.

Grange Mill Lane will have space ranging from 10,000 to 50,000 sq ft and the company expects the refurbishment to be complete by summer.

Tom Dawson, investment director at Network Space Investments, said: “This is a well-located and underutilised estate that offers significant potential for value creation.

“Our plan is to deliver modern, energy-efficient space suitable for a range of occupiers – and the flexibility of unit sizes will appeal to both regional businesses and national operators.

“The acquisition reflects our confidence in the industrial sector and supports our long-term strategy of investing in assets with strong fundamentals in resilient, growth locations.”