Tetra seals Daventry industrial site

A Midlands property investment firm has strengthened its industrial portfolio with the acquisition of a prominent Daventry site through a sale-and-leaseback agreement.

Tetra Real Estate, part of the Wigley Group, has purchased the freehold of 1-3 High March, a 22,355sq ft industrial complex fronting the A45 and occupied by Master Abrasives. 

The long-established manufacturer and distributor has operated from the site since the 1970s and will remain in place under a lease running to December 2030.

The property spans 1.3 acres and comprises office, warehouse and production space. 

Master Abrasives briefly acquired the freehold before agreeing the sale-and-leaseback, releasing capital to support business growth while retaining long-term security at the site.

Founded in 1967, the company supplies abrasive products to sectors including aerospace, automotive, medical and power generation across the UK and overseas.

Chris Parsons, managing director of Tetra Real Estate, said: “This was a deal we were genuinely pleased to complete. 

“Master Abrasives is a well-established business with deep roots in Daventry, and those are exactly the kinds of occupiers we like to work with.

“From the outset, the relationship with Paul and his team has been open and positive, and we see this as the start of a long-term partnership rather than just a transaction.”

Paul Batson, managing director of Master Abrasives, added: “We wanted a landlord who we could actually work with, not a faceless organisation based miles away. 

“From day one, Chris has been straightforward, approachable and easy to deal with.

“Knowing that Tetra and the Wigley Group are based just down the road in Stockton gives us real confidence. 

“If we ever have an issue with the property, we know it will be dealt with quickly and properly, which is invaluable for a business like ours.”

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