Acquisitive Bracken takes Cheadle Royal holdings to 144,000 sq ft

The investor has acquired a 26,000 sq ft office building from Custodian REIT.

Bracken Property Company has bought Lakeside 5500 at Cheadle Royal Business Park, which is two-thirds let with 8,745 sq ft available.

The deal sees Bracken’s Cheadle Royal portfolio grow it 144,000 sq ft. The firm also owns lender Together’s headquarters.

Bracken was advised by Sterling Properties and JLMcr Property Consultancy. Sixteen acted for Custodian.

Emily Parkinson, Commercial Surveyor and head of acquisitions at Sterling Properties, said: “We really like Cheadle Royal as a business district.

“It is a fantastic location and acquiring further space allows us to provide flexibility for tenants across our portfolio at the business park, depending on their changing occupational needs.”

Mike Flynn, managing director of Bracken and Sterling, said: “The acquisition marks the eleventh purchase in the region in the last 12 months – three of those being at Cheadle Royal Business Park – as we continue to grow and diversify our commercial portfolio.

“We are active in the market and will continue to acquire key assets across the North West throughout 2025.”