The estate has a combined floorspace of 148,000 sq ft and is located approximately two miles north of Peterborough city centre.
Refurbishment works to modernise the estate are expected to be finished over the next 12 months.
Joe Flaherty, director at Beaufort, said: “[Marchdown] are highly experienced developers and we are confident that they will further improve the estate to ensure high-quality and desirable units for local and national occupiers.
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“Light industrial and logistics is an asset class which has seen strong growth over the recent years, and this looks set to continue over the medium term.”
Ed Jones, at Marchdown Holdings, added: “Marchdown Holdings is delighted to have completed this acquisition with its partner, Beaufort Capital.
“Beaufort’s practical, rigorous approach and clarity of thinking marks them out and they brought huge value to the transaction.
“We were particularly attracted by the low-base rents and the opportunities to physically improve the asset in an area where the supply of light industrial and distribution space is extremely tight.”