Food ingredient supplier and distributor Kent Foods has paid Barberry Industrial £9.4 million for a freehold warehouse in Daventry, Northamptonshire.
It has bought the speculatively developed warehouse known as Barberry72 as its new Midlands regional distribution centre in order to facilitate its expansion.
The 73,257 ft2 property has been developed on the 3.5-acre site of a former Focus DIY store. Its development was supported by fund manager Frontier Development Capital with a loan of £3.75m in August 2020 from its £100 million FDC Debt Fund.
Glasgow-based Kent Foods is one of Europe’s largest independent suppliers of sugars, sweeteners, dairy products, oils, and fats to the food manufacturing industry. It also stocks and supplies a wide range of related ingredients to provide a quality and comprehensive product range for customers.
Savills and Colliers acted on behalf of Barberry.
Barberry currently has a 3.3 million ft2 industrial and logistics development pipeline with a Gross Development Value of more than £400 million. The company has 455 acres of strategic land, with a development land value of £225 million, across 10 sites under its control, and a £30 million commercial and residential value add portfolio.