Carrington Gateway, Carrington

Investment

Carrington Gateway, Carrington

Property description

  • A prime new build multi-let industrial estate located in Carrington and developed by Wain Estates.
  • B8RE advised on the acquisition for Cabot, aware of their requirements for modern mid box industrial units in core urban locations.
  • Working in conjunction with B8RE's in house occupational team, we provided advice on ERV's, reletting assumptions and assisted on potential asset management strategies.
  • B8RE were able to secure the acquisition of the asset amidst strong competition and closely monitored and advised throughout, resulting in successful completion.
Client
Cabot Property Partners
Date
April 2023
Rent
£1,107,921 pa
Size
167,661 sq ft
Tenancy
Multi Let
Type
Industrial Investment Acquisition
Value
£19,800,000 / 5.24%