SXS Purchases Entire Industrial Estate
SXS is pleased to announce the purchase of the remaining warehouses on the industrial estate where the company is based.
The company has been acquiring various properties on the estate since 2007, with additional warehouse and land purchases in 2014. During the last few weeks the deal to purchase the freehold interest in the estate as well as extensive undeveloped land was completed.
“I am really pleased to have completed on this deal” says SXS founder Johnny Palmer. “It shows our commitment to the company’s home city of Bristol and enables our team to invest in our working environment to continue to make this a great place to work”.
The site consists of several warehouses, yard space, and undeveloped land which will be turned into a nature reserve.
“Whilst much of the property is leased by third party tenants, we are safeguarding our future expansion by owning this property now."
The acquisition is being done through Palmer’s property investment operation, Autonomous Investments.