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Norton Property Investments sells first of six Brookland Court units to Haines Watts

Norton Property Investments, which last month announced it had acquired six office units, formerly owned by Carillion, at Brooklands Court on Kettering Venture Park, has sold one of the units to a national accountancy firm.

Haines Watts has acquired the freehold of the 1,862 sq ft Unit 1 for £325,000 (£174.50 per sq ft) from NPI (Kettering) Ltd, a wholly owned subsidiary of Norton Property Investments Ltd.

The new premises is one of 60 Haines Watts offices across the UK, housing over 1,000 staff.

Norton acquired Brooklands Court for £1.45m, its largest deal to date, providing a combined total of 13,686 sq ft with an initial net yield of 9.95%.

Norton managing director Ben Spickernell said they were pleased to have concluded a deal with a major national professional services firm so quickly.

“This is proof positive that our decision to invest in Brooklands Court was the right one. The office market in the Kettering area is constrained and that is helping drive occupier interest in Brooklands Court.”

Norton Property Investments Ltd was founded in 2009 by managing director Ben Spickernell who, together with his co-director and brother Tom, is driving the company’s growth as investors in UK regional town and cities. Norton continues to source and deliver new opportunities and project manages refurbishments and redevelopments.

Prop-Search acted as agents for NPI (Kettering) Ltd who were advised Emms Gilmore Liberson Solicitors. Haines Watts Business Law acted for Haines Watts.

 


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