Hargreaves acquires industrial investment in East Grinstead

Hargreaves Group are pleased to announce that it completed the off-market purchase of an industrial investment close to East Grinstead town centre. The acquisition completed in August 2021 for c.£2.6m, reflecting an initial yield of c.5.50%.

The site comprises dock loading facilities, a self-contained warehouse and a single storey office block. There is also parking for 50 cars and 20 heavy goods vehicles.

The 1.73 acre site is prominently situated on Imberhorne Way within close proximity to the town centre.

The site is let by DX Network Services Ltd.

This purchase illustrates the continued appetite the Hargreaves Group have to acquire well located industrial investments, across the South East, that provide asset management and development opportunities in line with the company’s growth strategy.

Hargreaves were advised by Bruce Spencer of Fulwell Capital.

2021-09-13T08:18:47+00:00

Objective	Target Year
Establish an ESG working group	Established
Develop a website section disclosing ESG strategy and progress	Completed
All new developments must be sustainable developments	Annual
Implement a process for regular asset-level performance review	2024
Set minimum standards for major development and refurbishments	Completed

Objective	Target Year
Integrate Wellbeing Principles into new development or refurbishments	2024
Establish biodiversity net-gain objectives for new developments	Completed

Objective	Target Year
Maintain zero waste to landfill (controlled assets)	Annual
Complete waste audits to identify improvement opportunities	Completed
Establish a process to gather waste data for developments	Completed
Reduce like-for-like waste generation by 5% for controlled assets	2025
Increase recycling rate by 50% for controlled assets	2025

Objective	Target Year
Procure 100% renewable electricity certified	Completed 2022 / Ongoing
10% reduction in like-for-like energy use for controlled assets	2025
100% actual data for all managed sites	Completed
Annual full GHG emissions assessment	Annual
Develop a Science-based Target (SBT) / net zero	Completed 2022 / Ongoing
Achieve a minimum Building Energy Rating – B EPC for all assets	2030
Develop asset-level roadmaps for reducing GHG emissions	Completed
25 EV charging points installed and facilitated	2025

Objective	Target Year
Maintain a gender balance across teams (long-term)	2025
Establish a fund to support training with professional bodies	Fund Established
Establish an annual volunteering day supporting local community	Annual
Partner and support local community groups and charities	Annual