Press release
Godwin completes investment sale of Brampton Hut Services to Roadside Retail Estate plc
National property business Godwin Developments announces that it has completed the investment sale of Brampton Hut Services in Huntingdon, Cambridgeshire, to Roadside Retail Limited - the joint venture between Roadside Real Estate plc and Meadow Real Estate Fund VI LP set up to acquire and develop UK-based roadside real estate assets.The 8,617 sq. ft. development features six purpose-built units, comprising three drive-thru stores and two drive-to units, all secured by tenants with strong covenants such as Starbucks, Burger King, Wendy's, Greggs and Subway, as well as 74 car parking spaces. The forthcoming introduction of EV charging facilities by GRIDSERVE on site in 2025 is also expected to boost visitation, providing Brampton Hut's new owner with an additional appealing, long-term income stream.
Brampton Hut Services sits adjacent to a well-established service station featuring operators such as BP, Marks and Spencer, McDonald's, Brewer's Fayre and Premier Inn.
The scheme is strategically situated in a prime roadside location along the busy A14 trunk road, which has recently undergone £1.5 billion of upgrades to support increased traffic volumes to and from Stansted Airport, as well as commuters travelling between Cambridge and Peterborough. Furthermore, its strategic position at the crucial intersection of the A1 (M1) and A14 - a major route linking London to Edinburgh - attracts a daily passing traffic of over 91,000 vehicles, with that figure expected to grow rapidly in the coming years.
Stuart Pratt, Board Director at Godwin, said:
"We are delighted to have completed the investment sale of this high-performing asset to Roadside Retail Ltd. This transaction highlights our capability to deliver value-added commercial property projects across the country - from identifying suitable sites and securing planning consent to constructing purpose-built schemes and completing investment sales to long-income funds.
Simon Handslip, Managing Director, Commercial Development at Godwin, added:
"It has been a pleasure to work with the Roadside Retail team on this project. Their professionalism, expertise and collaborative approach have been exemplary, and we look forward to delivering more high-quality commercial projects together in the near future."
Charles Dickson, Executive Chairman, Roadside Real Estate plc, said:
"Brampton Hut is a high-quality cluster of ESG-compliant drive-thru and drive-to units, let to household names. We have enjoyed working with the Godwin team on this transaction, with an asset which meets our demanding acquisition criteria."
The professional team on this deal included investment agents Maclaren and Partners, legal experts Hill Dickinson and CBRE acting with Godwin Developments for a private client, while Mason Owen and Blake Morgan supported Roadside Retail Limited.
Godwin Developments' commercial division currently has 15 live projects nationwide, including developments in Newcastle, Leeds, Birmingham, Northamptonshire, Dorset, and Cambridgeshire. The team works with over 20 established occupier brands, such as Lidl, McDonald's, Burger King, Wendy's, Greggs, Loungers, Starbucks and Costa Coffee. Specialising in roadside retail, the division focuses on mixed-use developments incorporating food and beverage, retail, trade and EV charging facilities.
For media and general development enquiries, please contact hello@godwindevelopments.co.uk.
1 Newhall Street, Birmingham B3 3NH
Krassi Stoyanova, Marketing Director
M +44 (0) 7970 607 344
T +44 (0) 121 516 9508
krassi.stoyanova@godwingroup.co.uk
About Godwin Developments
Godwin Developments, part of Godwin Group, is an established property developer that works across the United Kingdom delivering schemes through its strategic land, residential, commercial and industrial divisions. Established in 2003, the business' current pipeline of projects exceeds £1.3 billion in value across 3 million sq. ft. of development and includes 4,200+ residential units. Headquartered in Birmingham, the company also has offices in Mayfair, London and employs over 40 property professionals and advisors, including dedicated planning, delivery and marketing teams.
As a member of the Godwin Group of companies, Godwin Developments benefits from in-house access to development funding which enables it to secure opportunities and progress schemes at pace.
Godwin Developments' purpose is to grow regeneration and investment, delivering shared prosperity to residents, businesses, communities, landowners, and investors.
For further information please visit www.godwindevelopments.co.uk and www.godwingroup.co.uk.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Godwin completes investment sale of Brampton Hut Services to Roadside Retail Estate plc here
News-ID: 3788415 • Views: …
More Releases for Brampton
RTB Fitness Offers In-Home and Online Personal Training in Brampton, ON
RTB Fitness is now offering in-home and online personal training in Brampton, ON. If you want to stay fit at home or prefer working out online, our friendly personal trainers are here to help you reach your goals.
We know that everyone is different, so we create custom workout plans that match your fitness level and needs. Whether you want to lose weight, build strength, or improve flexibility, our certified trainers…
Discover Expert Care at Bramalea Chiropractic Walk-In and Physiotherapy Clinic i …
If you are in Brampton and dealing with injuries, chronic pain, or discomfort, the Bramalea Chiropractic Walk-In and Physiotherapy Clinic is here to support your recovery journey. Whether you've been injured at work, in a motor vehicle accident, or are struggling with conditions like arthritis or plantar fasciitis, our expert team is ready to help you heal and improve your quality of life.
Comprehensive Care for a Range of Conditions
At Bramalea…
Brampton Auto Glass Announces New Comprehensive Auto Glass Solutions
Brampton, Ontario July 24 2024 - Brampton Auto Glass Company, a leading name in auto glass repair and replacement for the Brampton and Mississauga areas, announces a significant expansion of its service portfolio. This enhanced suite caters to the diverse needs of local vehicle owners, ensuring optimal safety and a flawless visual experience on the road.
Unwavering Commitment to Excellence and Customer Satisfaction
Brampton Auto Glass Company prioritizes excellence in everything…
Brampton Wildlife Control Alerts Homeowners of Upcoming Second Baby Squirrel Sea …
Prepare for second baby squirrel season in Brampton: late summer to early fall. Protect your attic from potential invasions!
Brampton, Ontario - As the summer heat peaks and transitions into fall, Brampton Wildlife Control is alerting residents about the second baby squirrel season. This period, from late summer to early fall, brings an influx of young squirrels exploring their surroundings, potentially leading to increased home intrusions. Homeowners are advised to prepare…
Raven Driving School Introduces Comprehensive Driving Program in Brampton
Brampton, Ontario - July 8, 2024 - Raven Driving School [https://ravendrivingschool.ca/] is proud to announce the launch of its new comprehensive driving program in Brampton, designed to provide residents with the highest quality driving education and training. This innovative program is set to revolutionize the way driving instruction is delivered, ensuring that new drivers are not only skilled but also confident and safe on the roads.
The Raven Driving School program…
Spectreco and the City of Brampton Forge Groundbreaking Collaboration to Propel …
Image: https://www.getnews.info/uploads/8901deb914e9f93b7fd18a83b31b64d0.png
On the brink of the climate resilience summit of C40 cities in Rome, a momentous Memorandum of Understanding (MoU) was signed between the City of Brampton, Ontario, and Spectreco LLP, a leading sustainability advisory and technology firm based in the UK. The MoU, inked at Canada House, High Commission of Canada in London, United Kingdom, signifies a strategic collaboration aimed at advancing Brampton's sustainability goals. Sophia Arvanitis, Ontario's Agent-General…