Tandem acquires 250,000 sq ft South Yorkshire portfolio

Tandem Investments, the developer behind STOK, have announced the off-market acquisition of a substantial industrial property portfolio in South Yorkshire.

The portfolio extends to approximately 250,000 sq ft of largely industrial accommodation, across six sites in and around Barnsley, which were acquired from a private seller for an undisclosed price. The largest holdings, making up 80% of the portfolio, are located on Fall Bank Industrial Estate, Barnsley and at Claycliffe Business Park, Barnsley.

The portfolio benefits from an occupancy rate of over 95% and comprises over 60 individual units.

Refurbishment works to the vacant units will commence shortly and they will be available for occupation from early-2026. Tandem plan to appoint their letting and marketing team over the course of the next few weeks.

Commenting on the acquisition, Richard Rees, Director at Tandem Investments said,

“We are thrilled to have completed this exciting acquisition, it is something that we have been working towards since January. The portfolio has been well maintained by the vendors, and we are looking forward to getting into the asset management opportunities over the coming months. The portfolio has strong fundamentals being located close to both the M1 and Barnsley town centre whilst benefitting from an average unit size of c. 4,000 sq ft.

“This is by some way the largest acquisition by lot size, which Tandem have completed to date. We are really pleased with how we have been able to grow the business and the portfolio over the course of the last 2 years, and we are particularly grateful to Matt Barnes and his team at CMS who dragged the transaction over the line.”

Neil Higson at Wildbrook who advised Tandem on the acquisition said,

“There is a limited development pipeline in this sub-market for competing unit sizes, and for the proposed developments the quoting rents are significantly greater, so there is an exciting opportunity to achieve a realistic reversion and to crystallise the portfolio within a short term period. The portfolio is fundamentally sound and provides a good result for both the buyer and the vendor.”

Tandem Investments were represented by Wildbrook Commercial Real Estate and CMS. The vendor was represented by Bramleys and Bury & Walkers LLP.