News

Acquisition of distribution facility in Doncaster

Pigeon has completed the acquisition of a freehold distribution warehouse in Thorne, Doncaster. The property extends to 27,439 sq ft (2,549 sq m) and has excellent access to Junction 6 of the M18.  The property was acquired on a sale and leaseback agreement from Stuncroft Ltd at a net initial yield of 7.58%. For further…

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Sale of residential land at Woolpit, Suffolk

Pigeon has sold 15 acres of development land at Woolpit, Suffolk to Barratt David Wilson Homes. Planning permission was granted in July 2018 for 120 homes, including five self-build plots and a new car park for the Woolpit Health Centre. Lacy Scott & Knight and Nulands Strategic Ltd advised on the sale. For further details…

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Multi-let property sold in Royston

The Pigeon East of England Property LP completed the sale of a mixed use, multi-let commercial investment at Orchard Road in Royston. Pigeon purchased the property in 2016 and has undertaken a number of asset management initiatives which achieved rental increases of over 20%. Bidwells acted for Pigeon on the sale.   For more information…

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Office building acquired in Norwich

Pigeon has completed the acquisition of a freehold multi-let office building in Norwich. The property extends to 25,326 sq ft, has 82 car spaces, and good prominence fronting Thorpe Road, one of the main arterial routes into the city centre. Current occupiers include Mott MacDonald, Certas Energy and Outlook Publishing. The property has medium term…

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Residential land sold to Weston Homes

Pigeon has sold nine acres of residential land in Bury St Edmunds to Weston Homes following receipt of outline planning permission in December 2017. The land, located close to Bury town centre, has permission for approximately 188 units comprising a mix of town houses and apartments. The site is identified within the Station Hill Masterplan,…

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87 acres of land acquired at Hemel Hempstead

Pigeon has acquired 87 acres of freehold land on the north-eastern edge of Hemel Hempstead, Hertfordshire in a Joint Venture. The land is the first phase of an allocation for 1,500 homes in the St Albans District Local Plan submitted to the Inspector in March 2019, and is also part of the Hemel Garden Communities…

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Offices acquired near Cambridge

Pigeon has acquired a freehold office premises in Swavesey near Cambridge. The property extends to 21,427 sq ft on a site of just under three acres, and consists of two office/workshop buildings at the front, with storage land at the rear. The two buildings were simultaneously let on acquisition to Envea, an engineering business, on…

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Land at Trimley St Martin sold to Flagship Housing

On behalf of a landowner, Pigeon has promoted and sold 7.5 acres of land in Trimley St Martin, near Felixstowe to Flagship Housing. Detailed planning permission was granted in January 2018 for 69 homes including affordable housing. Construction is expected to begin late 2019. For more information – Elena Walker e.walker@pigeon.co.uk

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Sale of North Yorkshire site for 250 homes

Pigeon has sold 24 acres of land at Sherburn-in-Elmet, in North Yorkshire to Yorkshire Housing Association. Planning permission was granted in March last year for 250 houses, open space, and a new access road onto the A162. Construction is due to commence in March 2019. For more information – James Bromhead j.bromhead@pigeon.co.uk

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Ipswich industrial estate sold

Pigeon has sold a multi-let industrial estate at Cavendish Street, Ipswich. The property was sold in two separate transactions. The first comprised a terrace of trade counters and a car wash, with tenants including Screwfix and Rexel. The property was sold to a private investment partnership for circa 6.1% Net Initial Yield. Carter Jonas acted for…

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