Honeywell, Ellesmere Port

Investment

Honeywell, Ellesmere Port

Property description

  • Having originally acquired the property for our client - a UK Pension Fund in 2019, B8RE were appointed on the investment sale in 2024.
  • Following an extension marketing campaign, and two rounds of bids, a sale was agreed to an overseas investor.
  • B8RE closely monitored and advised throughout, resulting in a successful completion.
Client
Confidential - UK Pension Fund
Date
August 2024
Rent
£1,112,585 pa / £5.29 psf
Size
210,000 sq ft
Tenancy
Let to Novar ED&S (t/a Honeywell) with 5.25 years term certain
Type
Industrial Investment Sale
Value
Circa £18.50 million / 5.60%