Saturday 22nd Oct 2016 - Logistics Manager

Romford site sells for more than £2.5m per hectare

The 1.9ha (4.6 acre) former Eastern Electricity site at Harold Hill Industrial Estate, Gallows Corner, Romford has been sold for a figure approaching £5 million.

This makes it one of the most expensive industrial development sites in the region.

It was acquired from Ampere LLP by Bournelodge and Frogmore Property in a joint venture which will develop the site into a series of smaller units for sale freehold.

Perry Holt & Co acted for Bournelodge. Ampere LLP was advised by AC Estates as asset managers and Bidwells.