Real estate investor and developer, Firethorn Trust, has acquired a 21.5-acre logistics asset in Warrington for an undisclosed sum.
Located on Hardwick Grange, Woolston in Warrington, the property comprises three units totalling 432,166 sq ft, of an ambient storage facility, a cold store and ancillary office space.
The property is fully let under a long-term lease to the UK supermarket chain, Morrisons, and Firethorn will manage the asset as owner and landlord.
Chris Beer, Senior Associate at Firethorn Trust, said: “Having recently reached practical completion at Link Logistics Park, Ellesmere Port, we are pleased to be expanding our portfolio in the North West, which continues to be a leading industrial hub.
“The acquisition of Hardwick Grange reflects our ongoing commitment to the logistics market, as we look to allocate capital in prime locations across the UK this year. Being ambitious and agile, we are well equipped to seek out income and long-term investment potential, as well as strategic land opportunities, amid the evolving market conditions. We are actively pursuing opportunities to deploy significant balance sheet capital into further acquisition and development across the sector.”
Situated in a prime distribution location, the property is within one mile of M6 J21, providing fast access to the M56, M62 and major UK cities including Manchester, Liverpool and Leeds.
Firethorn Trust was advised by Colliers and Klipa on agency and Maples Teesdale on the legals.
