Sainsbury’s is poised to develop a new logistics hub in the southeast after buying an Esseex industrial estate.
The supermarket has reportedly paid £4.75m the Broomhills Industrial Estate in Braintree.
An additional fee will be payable to the seller, Valad, subject to Sainsbury’s gaining planning permission.
“Having carefully considered the options for Broomhills Industrial Estate, we recommended that a sale to Sainsbury’s was in the best interests of investors,” said a spokesman for the selling trust.
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