A commercial property investment from Frontier Development Capital’s FDC Debt Fund to Warmflame Developments Ltd is set to transform an unused carpark at the Moulton Park Industrial Estate, Northampton into a new industrial scheme.
The £3.9m debt funding supports Warmflame Developments Ltd, who acquired the 2.5ac. site on Deer Park Road, Moulton Park, Northampton last year. Located approximately 4 miles north of Northampton town centre, the site was originally used as a Nationwide Building Society office.
Moulton Park is one of the key industrial and distribution estates in Northampton which serves the county’s business community. It has attracted national occupiers from the industrial, food and distribution sectors, but there is growing demand amongst regional SMEs for high specification smaller industrial accommodation.
FDC’s investment enables Warmflame Developments to develop the second of their WD.BOXHUB schemes to provide two terraces of starter units and a single detached unit. The whole development comprises nearly 60,000 sq ft of industrial commercial space.
The units are scheduled to be available for occupiers by the end of November 2021.
Paul Hodge, Managing Director of Warmflame Developments, said: “This is Warmflame Developments third financing with FDC and we are very excited to get our second WD.BOXHUB scheme underway.
link source - East Midlands Business Link - Property