ICG buys 89,000 sq ft Irlam shed
The investor has acquired a unit at Northbank Industrial Estate for more than £7m.
ICG has bought the unit, let to Flurocarbon, from Harrow Council, it is understood. The building is located on a 4.8-acre site off Excalibur Way.
B8RE advised the buyer and Newmark acted for the vendor.
The property benefits from “a strong location, low passing rent, and significant reversionary potential with a rent review due in September 2026”, according to B8RE.
John Burrows, director at B8RE, said: “The deal reflects the ongoing appetite for prime, well-located, ESG-compliant industrial assets with strong fundamentals.
“The MLI market in the North West will continue see sustained occupier demand and rental growth.”
Northbank Industrial Park spans more than 250 acres and is home to major national and international companies, including Rehau, DPD, UPS, Tenmat, and Biffa.
