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Winwick Quay Business Park sold

Date added: 28/01/2015

The 400,000 sq ft industrial business park has been bought by LaSalle Investment Management for around £24m, a yield of 7.5%.

The 25-acre site was sold by Winwick Quay LLP, a consortium of private investors.

The estate comprises Cameron, Colville and Chetham Courts, with a range of units available of between 3,000 sq ft and 30,000 sq ft. There is planning consent granted in 2010 for a further 70,000 sq ft of warehouses.

Occupiers include Pure Gym, LA Bowl, Safestore and Autoglass. 

Winwick Quay LLP bought the park in 2008 from AXA Real Estate for around £20m.

Riddell TPS represented Winwick Quay, and Colliers International advised LaSalle.

Jonathan Hawkes, fund manager at LaSalle, said: "Improving occupier sentiment, particularly in strategic locations such as Warrington, combined with the strong fundamentals of the estate means that this purchase is well aligned with our investment strategy."


See more at: www.placenorthwest.co.uk



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