EQT buys 116,000 sq ft Rochdale shed
The industrial investor has bought Headlam’s Buckley Road unit for £8m and will lease the unit back to the firm until January 2028.
EQT Partners has added to its portfolio of North West industrial assets, which includes a hat-trick of sheds in Knowsley, with the purchase of the 116,000 sq ft shed, which sits on a 6.6-acre site north of Rochdale town centre in Smallbridge.
Headlam Group, a floor covering distributor based in Birmingham, acquired the Rochdale industrial property in 2010 for £2.9m, according to HM Land Registry data.
Last year the firm put the asset on the market with a guide price of £10.8m. Despite selling for below the guide price, Headlam considers the deal “fair”, according to a recent trading update. The firm last had the property valued at £4.81m.
Christopher Dee acted for EQT and LSH advised the vendor.
EQT and Headlam were contacted for comment.
