Terrace Hill has sold a warehouse on Christchurch Business Park in Dorset to mobile accessory distributor Kondor and entered in an agreement to develop a 59,740 sq ft warehouse and office block in a deal worth £5m.
Terrace Hill, advised by Goadsby and King Sturge, said it was the largest warehouse deal in
The warehouse development includes 12,740 sq ft of offices over three floors on a 2.15 acre site.
Kondor, a mobile accessory distributor in Wimborne, will move in to the building in the first quarter of 2011.
Philip Leech, chief executive of Terrace Hill, said: “The land sale ahead of the construction of a warehouse at
Terrace Hill bought the nine acre site in 2008. It is located on part of a site formerly occupied by BAE Systems.
King Sturge and Goadsby are marketing a further 48,550 ft² of B1, B2 and B8 accommodation at the
paul.norman@estatesgazette.com
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