Wulff Capital Holdings has acquired Block 13 Delta Way at Gloucester Business Park for £2.1 million. This strategic purchase was facilitated by ARA Europe, representing Straits Real Estate, a subsidiary of The Straits Trading Company.

Block 13, a multi-let industrial estate, encompasses eight units across three terraces, covering a total area of 26,224 sq ft. These units, developed originally in the 1960s, are leased to a varied assortment of tenants, showcasing the estate’s diverse investment appeal. The acquisition signifies a potential for growth through future refurbishments and opportunities for rental increases.

Adrian Rowley, a partner at Alder King in Gloucester, commented on the sale, noting the robustness of Gloucester’s industrial investment scene. He highlighted the ongoing high demand from occupiers, compounded by a scarce supply and restricted speculative development, which has propelled rapid rental increases in recent years—a trend expected to persist as available stock diminishes.

Ben Cowles from Wulff Capital Holdings expressed satisfaction with the acquisition, stating, “We’re very pleased with the acquisition of Block 13, which provides us with an excellent foothold in the Gloucester market. We anticipate continued strong demand in the coming years, especially for assets like this one.”

Since its inception in 1998, Gloucester Business Park has established itself as the region’s leading business hub, with over 2.8 million sq ft of top-tier accommodation developed to date. It hosts a range of high-profile companies including Dowty, Wincanton, GE Aerospace, BAE Systems, and Ecclesiastical Insurance, further cementing its status as a key player in the regional economy.