Network Space Investments (NSI) has completed the £9 million acquisition of a 103,262 sq ft industrial estate on Grange Mill Lane in Sheffield – near Meadowhall and junction 34 of the M1.
Comprising four vacant warehouse units, NSI will comprehensively refurbish and reposition the estate as a modern, high-spec industrial hub. This will deliver high-quality space across a range of flexible unit sizes from 10,000 to 50,000 sq ft, all featuring eight-metre eaves.
The new units will be available from late summer 2025.
This latest acquisition is part of NSI’s strategy to redeploy capital following the recent disposal of Europa Way at Trafford Park. It also follows recent acquisitions in Oakhill, Manchester, and Cowley Way, Sheffield.
Tom Dawson, Investment Director at Network Space Investments, said: “This is a well-located and underutilised estate that offers significant potential for value creation. Our plan is to deliver modern, energy-efficient space suitable for a range of occupiers – and the flexibility of unit sizes will appeal to both regional businesses and national operators.
“The acquisition reflects our confidence in the industrial sector and supports our long-term strategy of investing in assets with strong fundamentals in resilient, growth locations.”
Roger Haworth at CPP acted on behalf of the vendor. NSI was unrepresented.
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