MDP NE29 Ltd has completed the acquisition of Mandale Industrial Park in a transaction exceeding £10 million. Yorkshire-based Schofield Sweeney handled the legal aspects of the acquisition. The estate, featuring 39 units including hybrid and industrial spaces, marks a strategic investment for the company aimed at bolstering its commercial property portfolio.
A major acquisition
Nigel Arnott, head of compliance/industry development at MDP NE29 Ltd, expressed enthusiasm about the acquisition, stating, “The acquisition of Mandale Industrial Park is a major milestone for us. It reflects our ongoing commitment to investing in strategic assets that support the growth and success of our business. We are excited about the opportunities this estate will bring. The acquisition further enhances our already extensive commercial property portfolio.”
Working with Schofield Sweeney
Farooq Zar, a partner at Schofield Sweeney, led the advisory team. He remarked, “We are thrilled to have facilitated this significant acquisition for our client. Mandale Industrial Park is a newly built industrial estate and represents a key investment in a prime location, and we are confident it will deliver substantial value to our client’s portfolio.”
Abigail Miskimmon, a paralegal at Schofield Sweeney, supported Farooq Zar. Her contributions ensured the smooth execution of the transaction.
Reflecting on their collaboration with Schofield Sweeney, Nigel Arnott added, “Working with Farooq Zar and Schofield Sweeney has been a delight. Their profe
ssionalism, attention to detail, and consistent communication made the entire process smooth and efficient. We value their expertise and look forward to future collaborations.”
Image: Provided by Schofield Sweeney.
