Industrial property specialist B8RE has facilitated the sale and acquisition of two detached industrial assets in the North West worth approximately £2million.
The assets include a 10,324 sq ft detached unit in Runcorn leased to The Clearway Group on a 10-year lease, and a recently vacant 11,652 sq ft detached unit in Haydock.
B8RE has completed the sale of Runcorn on behalf of a private individual, selling to Tandem Investments, and completed the acquisition of Haydock on behalf of Tandem Investments, from a private individual.
Joe Sinclair, Associate Director at B8RE said: “We are extremely satisfied to have completed both deals in quick succession. Both deals continue to highlight the strength of the private investor market, and we’re witnessing very strong demand in the market, with the main obstacle at the moment being the lack of investment supply. We have many active investor requirements for similar assets”.
Chris Lloyd, director at Tandem Investments commented: Great to get these two acquisitions over the line. We have significant capital to deploy and the North West industrial market is one of our core markets, whether the assets are income producing or vacant.”
Neil Higson of Wildbrook advised the Vendor on Haydock.
