MDP NE29 Ltd’s significant acquisition of Mandale Industrial Park marks a new chapter in their growth strategy.
- The acquisition, valued at over £10 million, strengthens the company’s commercial property holdings.
- Schofield Sweeney played a pivotal role in managing the legal intricacies of this transaction.
- The estate comprises 39 units, offering hybrid and industrial spaces, broadening MDP NE29’s investment portfolio.
- Key figures expressed eagerness regarding potential growth and collaboration opportunities stemming from this deal.
MDP NE29 Ltd has successfully acquired Mandale Industrial Park, a strategic move valued at more than £10 million. This purchase significantly enhances the company’s commercial property portfolio and demonstrates their commitment to expanding their assets strategically.
Yorkshire-based law firm Schofield Sweeney expertly handled the legal dimensions of the acquisition. Their role was crucial in navigating the complexities inherent in such significant transactions, ensuring a smooth process from start to finish. Farooq Zar, a partner at Schofield Sweeney, led the advisory team, supported by paralegal Abigail Miskimmon. Their combined efforts were instrumental in the successful completion of this deal.
The newly acquired Mandale Industrial Park includes 39 cutting-edge units, offering both hybrid and industrial spaces. This acquisition represents a deliberate investment in a newly established industrial estate located in a prime area, expected to yield considerable returns.
Nigel Arnott, head of compliance and industry development at MDP NE29 Ltd, praised the acquisition as a major milestone for the company. He highlighted the transaction as reflective of their ongoing dedication to nurturing assets that bolster their business growth and success. Arnott articulated excitement over the opportunities this estate is set to provide, further extending their substantial property portfolio.
Reflecting on the transaction, Farooq Zar expressed thrill over facilitating this key investment, acknowledging the prime location of Mandale Industrial Park and its expected significant contribution to MDP NE29’s portfolio. Similarly, Nigel Arnott commended Schofield Sweeney’s professionalism and effective communication throughout the process, acknowledging a positive collaboration with the legal team.
The acquisition of Mandale Industrial Park heralds a promising expansion for MDP NE29, expertly guided by Schofield Sweeney.
