Sheffield warehouse investment acquired by Hong Kong-headquartered real estate firm in £2.9m deal

Mordril Properties Ltd, a privately owned real estate company headquartered in Hong Kong, has acquired a warehouse investment at Tinsley Park Road, Sheffield in a £2.9m deal.

The acquisition was brokered by property consultancy agency Commercial Property Partners LLP (CPP).

The industrial unit is currently occupied by Insight UK, which provides IT products and services, until 2022.

Mordril Properties Ltd purchased the 53,263 sq ft industrial unit primarily for its ‘prime location’ in the heart of South Yorkshire’s commercial and industrial area.

A steel, portal-framed warehouse with a secure yard, parking and single-storey office space, the unit is located just off Tinsley Park Road within the Lower Don Valley area of Sheffield.

CPP advised on the sale, and the announcement of Mordril’s acquisition marks the latest in a series of deals for CPP across Yorkshire and The Midlands.

Roger Haworth, the partner at CPP who oversaw the deal, commented: “Mordril’s decision to invest in the Tinsley Park Road Industrial Estate, their first investment in the Sheffield area, was largely fuelled by its excellent location just off the M1 - and in an area of high growth potential.

“We are delighted to have secured the sale that will bring greater regeneration to the Sheffield area.”

Mordril Properties Ltd pursues investment opportunities, with current secure investments in Hong Kong, the United Kingdom and India.

Committed to building a sustainable and entrepreneurial real estate organisation, the company is focused on the revitalisation, refurbishment and repositioning of commercial and industrial property.

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