Quick-fire hat-trick of acquisitions for Network Space Posted on: March 31st, 2021 Network Space has completed the purchase of Newfield Industrial Estate near Stoke on Trent, a multi-let industrial investment totalling 125,000 sqft across nine acres.Newfield is occupied by 20 businesses. Tenants include global corporate Air Liquide, together with a number of successful local businesses.This acquisition comes hot on the heels of acquisitions by Network Space of the 12-acre Cartwright Group site in South Manchester and the 28-acre former Sovereign Distillery in Liverpool, both of which are to be refurbished and redeveloped.Richard Ainscough, Group CEO of Network Space, said: “it is fair to say we have been a bit busy – with Newfield completing the hat-trick, we have acquired nearly 800,000 sq ft of urban logistics and industrial space in the cities of Manchester, Liverpool and Stoke.“The demand in the industrial sector is well-documented. We are delighted to have secured these new opportunities which will provide a variety of routes to value through asset-management, refurbishment and redevelopment, all of which we have the expertise for internally”.With an extensive frontage to the A50 and close to the A500, Newfield lies adjacent to Network Space’s award-winning industrial development Tunstall Arrow South, which was sold to TPG/4th Industrial earlier this year.It has been acquired as a value-add investment with an asset management strategy already in place, which will be delivered by the group’s management company NSM.