Acting on behalf of Valedown Limited, B8RE have completed the purchase of a portfolio of industrial estates located in the Wirral and Merseyside for approximately £8M from West Register Property Investments Limited.
The portfolio comprises of 3 estates located in Bromborough and Knowsley known as Candy Park, Plantation Park and Knowsley Park totalling circa 550,000 sq ft of industrial accommodation.
Simon Wood of B8RE who acted on behalf of Valedown commented:
“Both my client and B8RE are very familiar with these properties and their locations and were not only attracted by this but also the opportunity to add value and implement various asset management initiatives through a hands-on approach. Since the purchase our client has already successfully let circa 70,000 sq ft to Abbey Logistics Group Limited and are now working up plans to carry out a significant refurbishment.”
B8RE advised Valedown, GVA advised West Register Property Investments Limited.
For further information contact:
Gurminder Manak
GVA
0161 956 4105
gm@gvafrimley.co.uk
Simon Wood
B8RE
01925 320520
simon@b8re.com