An independent contractor has successfully negotiated the sale and leaseback of a substantial industrial facility in Barnsley. This £3.4 million transaction significantly impacts the local business landscape.
The property involved is a 70,865 sq ft industrial building situated on a 10.15-acre site within the Fall Bank Industrial Estate in Dodworth. Edwards Property Consultants, based in Manchester, managed the sale to a private investor who has integrated this facility into a long-term investment strategy. The property will be leased back to Truswell Haulage, a well-established haulier, under a 15-year agreement. This contract includes tenant breaks every five years, providing flexibility while ensuring stability for Truswell Haulage.
Oliver Rowe, Director at Edwards Property Consultants, commented on the deal, highlighting its strategic importance. “Completing this strategic sale leaseback deal marks a pivotal chapter for our client, Truswell Haulage.” He pointed out that the capital unlocked from this transaction will allow Truswell Haulage to focus on continuous investment in its business operations, thereby securing its long-term viability and expansion.
Moreover, Rowe explained that the current economic environment, marked by higher interest rates and robust industrial property values, has made sale and leaseback arrangements an attractive option for business owners. Such deals provide an alternative means for companies to release capital that can be reinvested into their operations while reducing traditional debt burdens.
Christopher Dee represented the purchasers, ensuring a smooth acquisition process. This transaction illustrates a growing trend where industrial property owners are leveraging sale and leaseback agreements to unlock significant capital for business growth and sustainability.
This £3.4 million sale and leaseback deal sets a significant precedent for similar transactions in the future. By unlocking capital through this strategic arrangement, businesses can enhance their financial stability and invest in expansion opportunities, all while maintaining the operational use of their industrial properties.
