Acting on behalf of a local authority pension fund, the Capital Markets team at CBRE in Leeds has acquired a 320,000 sq.ft warehouse investment on Omega Boulevard, Capitol Park in Thorne, Doncaster for a price in excess of £22 million from a private investor. Savills Leeds office advised the vendor.
The freehold property comprises a strategically located manufacturing/ distribution facility situated close to Junction 6 of the M18 fully let to leading kitchen manufacturer, Omega PLC until 2034
Capitol Park forms part of one of the UK’s most successful manufacturing and distribution hubs in the north of England. The area has seen a huge amount of occupier take up in recent years, including the letting of 1.3 million sq.ft to the world’s largest online retailer at the nearby iPort, one of the largest letting deals in the north of England for many years.
Alex Whiting, Senior Director of Capital Markets at CBRE in Leeds, commented:
“The property is in a prime location and is let to a strong tenant who have invested heavily in the building over recent years. The tenant continues to grow their business and employ more local staff. This acquisition is further evidence of the strength of the South Yorkshire market and positive news for the Yorkshire region as a whole. “
CBRE’s in house multi-disciplinary Building Consultancy team in Leeds led by James Forth managed the pre-acquisition building survey and full technical due diligence process on behalf of the purchaser.
