Delancey to invest in Derbyshire
Property management company Delancey is to invest in the West Hallam Industrial Estate in Derbyshire after securing £11.2m funding.
The company has secured a five-year funding facility from Nationwide Building Society’s commercial team, set against the site, which is currently let to TDG on an eight-year lease.
The West Hallam Industrial Estate in Derbyshire includes approximately 1.3 million sq ft of warehouse and logistics space. It comprises open storage land and 106 buildings.
Paul Goswell, at Delancey, said: "There is great potential in the West Hallam site, which this new funding and support from Nationwide will enable us to develop."
Bryce Glover, Nationwide Commercial's divisional director, said: "Given our long-standing relationship with Delancey, we're pleased that we've been able to provide further funding that will assist with their future plans on the West Hallam Estate.
"Even though the market is experiencing challenging times, we have remained committed to supporting our customers with advice and, more importantly, funding."
Julie Giddings and Dan Whiteman from Nationwide led the deal, which was introduced by Tom Robinson from Bircroft Private.
