INDUSTRIAL door manufacturer Jewers Doors has sold its former site in Biggleswade in a deal worth more than £4 million.
The 26,625 sq ft unit at Stratton Business Park has been acquired by property developer Dunmoore, which now plans to redevelop the site.
Jewers, which specialises in the manufacture of aircraft hangar doors, is to move to a new 50,000 sq ft site on Stratton Business Park at Pegasus Way.
The site acquired by Dunmoore includes two-storey office accommodation with a factory/warehouse to the rear. Stratton Business Park is in a key location for the agri-food sector. The business park is being extended with much larger logistics and production facilities being developed.
Property consultancy Kirkby Diamond acted for Jewers in the deal. An offer on the site was accepted in February.
Eamon Kennedy pictured, head of commercial agency (group) at Kirkby Diamond in Luton, said: “There is huge interest at the moment in warehouse units and so we were not surprised to see so much interest when we began marketing this unit at Stratton Business Park.
“There were a total of nine parties bidding for the unit and it eventually achieved a sale price in excess of the £4 million asking price.”
Kirkby Diamond has cemented its place as one of the leading commercial property agents in Bedfordshire after completing 141 deals in 2021, over 100 more than its nearest rival. The EG Radius 2021 Annual On-Demand Rankings put Kirkby Diamond in first place for the most deals completed in the county during the year following the company’s acquisition of Brown & Lee, and second for amount of space transacted. Kirkby Diamond, when combined with Brown and Lee, completed 141 deals with a total 935,435 sq ft of space transacted, in 2021.