Acquisition · July 2024
Loop launches with acquisition of 38–40 Stapledon Road, Peterborough.
- Loop's first acquisition, marking the launch of the business
- A 30,500 sq ft light industrial asset comprising three units
- Fully let on a 10-year lease and acquired significantly below replacement cost
Loop Asset Management launched with the acquisition of 38–40 Stapledon Road in Peterborough on behalf of a family office.
The 30,500 sq ft asset comprises three light industrial units and is fully let on a 10-year lease. Stapledon Road sits within Orton Southgate, one of Peterborough's principal industrial locations, six miles west of the city centre and within a mile of Junction 17 of the A1(M).
The asset was acquired significantly below replacement cost at a time when availability across the wider estate was limited.
Loop was founded in 2024 by Alex Dunkley and Joe Burrows as a specialist operating partner to acquire, refurbish and manage regional multi-let industrial assets across the UK. Trethowan and Jones Hargreaves advised Loop on the acquisition. Savills acted for the vendor.