The firms have acquired an eight-acre site with 140,000 sq ft of industrial and logistical capacity on Saville Road Industrial Estate.

Marchdown will carry out refurbishment works to modernise the site, providing high quality industrial units with greater sustainability and better security.

Tom Dixon of TD-PC acted for Marchdown while Savills represented the vendor and will be retained as letting agents.

The JV is now “well underway” with their third acquisition and actively seeking further opportunities.

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“We are delighted with this second acquisition in the well-established Saville Road Industrial Estate in Peterborough,” said Peter French, investment advisor to Beaufort Capital. “The development will provide much needed high quality and sustainable industrial space for local and regional SMEs, with a number of such businesses already making enquiries. We are looking forward to growing this Joint Venture with Marchdown over the course of 2025.”

Ed Jones, CEO at Marchdown, added “I’m delighted to be both continuing my successful relationship with Beaufort Capital and to have secured this vacant estate in an excellent location, with refurbishment and repositioning potential in this tight market.”