Paloma and Graftongate acquire Bedfordshire site for £25m mid-box scheme

Project will be duo’s fourth development together

• What Paloma Capital and Graftongate have completed the acquisition of a 5.77 acre industrial site in Bedfordshire
• Why JV partners to redevelop site into a £25m trade and mid-box scheme
• What next Project will be duo’s fourth development together

Joint venture partners Paloma Capital and Graftongate have completed the acquisition of a 5.77 acre industrial site in Bedfordshire.

The site is located on the multi-let Elm Farm Industrial Estate in Caxton Road, next to the A4280 dual carriageway.

The partnership will draw up plans to transform the site into a £25m trade and mid-box scheme, which could accommodate unit sizes of up to 100,000 sq ft.

The site offers excellent road and rail connections, lying approximately six miles from the A1 and 15 miles from J13 of the M1. It also provides a direct route to St Pancras International via Bedford Station.