Pigeon acquires Thornfalcon Works, near Taunton

Pigeon has acquired Thornfalcon Works, a 26-acre strategic industrial open storage (IOS) estate at Henlade, near Taunton, from Tarmac.

Over 20 acres are in active IOS use across four plots, ranging from 0.7 to 15 acres. The land is surfaced in concrete and compacted gravel hardstanding, with ancillary buildings on site.

The estate is just 1.5 miles from Junction 25 of the M5, in one of the South West’s most active commercial corridors, where demand for well-located open storage continues to outstrip supply, giving clear scope for income growth.

Ben Guest, Director – Investment, at Pigeon comments: “Pigeon has already taken advantage of a primed strategic industrial open storage market through our ongoing investment in Twinwoods Business Park near Bedford, and the acquisition of Thornfalcon Works represents our continued commitment to this sector as an active, value-add investor.”

Savills acted for Pigeon, whilst Carter Jonas acted for the vendor, Tarmac.