Hortons has acquired a multi-let estate in Leicestershire – a former aircraft factory in East Midlands.
Rearsby Business Park is set on a 12.95-acre site near Rearsby, between Leicester and Melton Mowbray, within the M1 corridor.
The estate comprises 155,985ft² across 15 fully let industrial units with an additional 2.5 acres of development land for future expansion.
Hortons acquired the business park from a private investor for an undisclosed price, purchasing the property through Savills, with Oliver Forster of CBRE acting on behalf of the vendor.
Established tenants at Rearsby Business Park include: East Coast Fittings, T.E.K Seating, GT Plumbing & Heating Engineers, Lewis & Hill Ltd, Metric Services (Leicester) Ltd, and K & D E Barnett & Sons Ltd.
Hortons representative Steve Tommy said: “We are pleased to have secured such a well established asset, in the heart of the East Midlands’ industrial market.
“The acquisition of Rearsby Business Park complements our expanding industrial/logistics property portfolio, providing a strong existing rental income and opportunities to add value.”
