Tuesday 16 July 2024
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Nottingham

Regional family business signals growth through multi-million-pound property acquisition

Commercial property agent Innes England has facilitated a multi-million pound transaction on behalf of Henton and Chattell, the UK’s leading distributor of ground care and garden machinery.

The acquisition sees Henton and Chattell take ownership of three income-producing buildings with a total floor space of almost 50,000 square feet.

The acquisition was driven as part of its ambitious expansion plans, with market intelligence provided by Innes England.

The three properties, which consist of a 3,483 sq ft and 5,600 sq ft office space, plus a 39,986 sq ft industrial warehouse are in a prime location on Abbeyfield Road, Nottingham, with unrivalled access to the A52 and A453.

Scott Osborne, director at Innes England, who acted on behalf of Henton and Chattell, said: “The site was a unique opportunity and therefore an attractive proposition and one that we’re delighted to have secured for a growing local business such as Henton and Chattell. The trio of buildings is in the ideal location to serve its current and future business needs, extending its operation not only in Nottingham but across the region as a whole.

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“As one of the Midlands’ leading commercial property agencies, and as our Market Insite report published earlier this year demonstrated, we know the property market inside and out. Once we had discussed requirements with the client and determined what they were looking for from a site, we scoured the market and wasted no time in securing the ideal opportunity.”

Henton and Chattell, a family business operating for almost 100 years, employs 85 people and offers one of the largest ranges of ground care and gardening machinery.

Peter Chaloner, managing director of Henton and Chattell, said: “This is a great opportunity for us to expand our business in the East Midlands in line with our ambitious targets. Innes England’s team was a great help throughout the sale and were responsive and receptive to our thoughts and feedback.

“Once they found the right opportunity for us, they wasted no time in securing it for us. We look forward to working with them again.”

Innes England has offices in Nottingham, Derby, Leicester and Birmingham with teams of experts handling sales, lettings, investments, disposals and acquisitions of all commercial properties including offices, retail, and industrial.

Scott continued: “As a multi-discipline property consultancy it was good to offer a full service to Henton and Chattell with our building consultancy department providing a pre-acquisition survey prior to completion.”

The vendor was represented by FHP Property Consultants.

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