Frontier buys into the Triangle

Parlison Properties, advised by Savills and Burbage Realty, has sold a distribution site at The Triangle, Thrapston, Northamptonshire to Frontier Estates for £4.25 million.

The site totals 12.5 acres (five hectares) with planning permission for a 225,000 sq ft (20,902 sq m) warehouse building. Frontier Estates is a major commercial and mixed-use property developer in the Midlands and South-East with a development programme of over £750 million, equating to four million sq ft (371,600 sq m).

The Triangle is the final part of the A1M1 link site at Thrapston to be developed. The A1M1 link is a 100 acre (40.5 hectare) warehouse and industrial development fronting the A14. Other occupiers at the park include Ikea, Superior Group, Avandero and International Paper Containers.

Graham Brown, Savills industrial team director, says: “The price achieved reflects the efficiencies of developing large sheds to meet market demand, particularly in the B8 sector. This is a record land price for the location.”