Eshton Group has expanded its industrial investment portfolio with the acquisition of a well-located warehouse unit in Hull.
Located at Kingston International Business Park on Somerden Road, the industrial unit extends to 57,921 sq ft on a 3.73-acre site and is single let to IPL Plastics (UK) Limited, part of the global IPL Plastics Group.
The property occupies a strategic position less than half a mile from the Port of Hull and benefits from excellent connectivity via Hedon Road (A1033), providing access to the A63 and onward to the M62 motorway. Situated around two miles east of Hull city centre, the site forms part of an established industrial area with a strong mix of warehousing, trade and manufacturing occupiers.
This latest acquisition further strengthens Eshton Group’s presence across key industrial locations in the north of England, reflecting the business’s ongoing strategy to invest in well-located assets with strong fundamentals and long-term potential. Hull continues to be an important hub for logistics and manufacturing, with its port connectivity and established industrial base making it an attractive location for occupiers.
David Aspland, director at Eshton Group, said: “This is a strong addition to our growing industrial portfolio. Assets in locations such as Hull, with excellent connectivity and proximity to key infrastructure like the Port, remain highly attractive. With an established tenant in place, this acquisition aligns well with our focus on securing quality industrial investments in strategic regional locations.”
Richard Brooke at Knight Frank added: “We were pleased to assist Eshton in completing this acquisition. Hull continues to be a highly attractive industrial market, and this well-located warehouse offers strong long-term potential. The transaction demonstrates sustained investor interest in quality assets within key regional hubs and supports Eshton’s ongoing expansion in the industrial sector.”
The selling agent for the transaction was Daniel Walker at GV&Co.