Former Bawtry Carbon site snapped up in two weeks

Watling Real Estate has acquired a 57 acre property in South Yorkshire for an undisclosed sum on behalf of private clients.

The site, formerly a brickworks, more recently housed Bawtry Carbon Ltd which manufactured carbon cathode blocks for the aluminium smelting sector.

The business was placed into administration on 31 January this year with the loss of more than 100 jobs after efforts to sell the business failed.

The new owners have acquired the entire site, along with Bawtry Carbon’s plant and machinery.

Alex Sweetman, a director of Watling Real Estate’s Leeds office, said they had moved swiftly to conclude a deal on behalf of their clients.

“We were able to complete the transaction in just two weeks. This site is a fantastic opportunity for our clients. It is a large scale brownfield site located in the residential community of Austerfield and Bawtry.

“Our clients showed commitment and were able to move quickly to close the deal, illustrating the confidence we’re seeing in the current market for well-located assets with potential. Moving forward, we look forward to working with our clients with on forthcoming plans for the property.”

The site has an extensive frontage to the village High Street in the centre of Austerfield, near Bawtry in South Yorkshire.

It is approximately nine miles from Doncaster and within 5.2 miles of the A1(M) Junction 34 at Blyth, leading on to the national motorway network. Doncaster Sheffield Airport is less than five miles away at Finningley and Doncaster Railway Station with East Coast mainline connections is ten miles distant.

Law firm Clarion Solicitors represented the purchaser with Pinsent Masons acting for the vendor.

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For further information, please contact:

Alex Sweetman, Director, Watling Real Estate, One The Embankment, Neville Street, Leeds, LS1 4DW

alex.sweetman@watling.com

Issued by ASAP PR – 07990 978257

Editors’ Note

Watling Real Estate was created on 1 June 2023 by a management buyout of the real estate restructuring division of Avison Young. The business is headquartered in London with a network of offices in Birmingham, Manchester, Leeds and Bristol, providing national coverage with the benefit of local and regional expertise.  It has a team of 20+ professionals offering a multi-disciplinary real estate advisory business and will immediately become one of the UK’s largest real estate restructuring consultancies.

The team, originally part of the GVA business and more recently Avison Young post-merger in 2019, is one of the most highly regarded and experienced real estate advisors operating within the restructuring and recovery marketplace. Over the past decade, the team has advised or transacted on real estate with a total value of over £11 billion, having worked on some of the most significant real estate restructuring projects in the UK.

Watling Real Estate is backed by Bassi Capital, a private family office with extensive core investments in the real estate sector including publicly listed companies, private limited companies, and joint partnerships. https://bassicapital.com/