Billingshurst trade park sold in £17 million deal

Billingshurst’s newly-developed trade park has been sold in a £17 million deal.
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It has been bought by asset management company Aegon from property investment and development company Dunmoore.

Billingshurst Trade Park, off Stane Street, consists of 12 units let to a number of national and regional trade operators including Screwfix, Howdens, Toolstation and Easy Bathrooms.

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The sale concludes the first phase of development at the business park.

Billingshurst Trade Park has been sold in a £17 million dealBillingshurst Trade Park has been sold in a £17 million deal
Billingshurst Trade Park has been sold in a £17 million deal

The remaining phases will provide a further 250,000 sq ft of space, which includes a Lidl supermarket and a petrol filling station.

Fast food chain McDonalds has also put forward proposals to open a new 100-seater restaurant and drive-thru there.

Dunmoore chief executive Jeff Hobby said: “The sale to Aegon completes the first phase of our successful business plan from an unconsented greenfield site to a prime trade counter development.

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“Along with Mansfield and Ashford, Billingshurst Trade Park is the third successful sale from our Made for Trade portfolio.

“The proceeds will be redeployed into further value-add and development opportunities within the sector.”