Trebor Developments and Hillwood have acquired a 20-acre site in Raunds from Aequitas Estates in an off-market transaction.
The site benefits from detailed planning consent for a four-unit mid-box scheme in sizes ranging from 10,650 to 117,050 sq ft that will be marketed at ‘Quattro, Raunds’. All four units will be built on a speculative basis starting on site in August 2024, targeting Practical Completion in Q4 2025.
Greg Dalton, Development Director for Trebor, said: “We’re absolutely delighted to have completed this deal on a site we have long held an interest in acquiring.
“It sits well within our strategy to expand along the A14/A45 and, with the benefit of detailed planning consent, allows us to deliver the scheme within 2025 to satisfy occupier demands. Thank you to Aequitas and also our team for getting this over the line.”
Trebor and Hillwood were represented by Bidwells for the acquisition, whilst M1 Agency acted on behalf of Aequitas. Both have been retained as joint letting agents.
