Business Start-Up Development

THE FINAL UNIT in a development of seven commercial buildings within Glenborough Court, Glenfield, Leicester has been sold by specialist land development and property consultancy Mather Jamie on behalf of Lagan Homes.

The units have been designed and marketed as suitable for new business start-ups in order to meet a much needed gap in the market for small, high quality owner occupier investment opportunities. Occupation of the seven units has also created several new employment opportunities in Glenfield.

The site was originally occupied by Glenborough Engineering. When this business closed, having built an adjacent business park, Cawrey Homes purchased the land and self-funded part of the build. Construction was completed in 2021 and Cawrey Homes was subsequently acquired by Lagan Homes.

The seven two storey units vary in size from 1,238 ft2 to 1,560 ft2 and the businesses occupying the units include professional advisers, electricians, distributors and a wholesales trading business, whilst one of the units is being fitted out to let as an office.

Established in 1983, Lagan Homes Group is at the forefront of high-quality homebuilding, with a range of commercial schemes across the country. An award-winning developer operating in three divisions (England, Northern Ireland, and the Republic of Ireland). Other advisers on the deal included Emma Ali from Shakepeare Martineau who provided legal advice to Lagan Homes.