North and South Harrington Buidlings, JR Chancerygate, p Brand

The buildings are fully let. Credit: via Brand8 PR

JR, Chancerygate acquire 120,000 sq ft Liverpool commercial

CEG has sold the fully let North and South Harrington buildings at Brunswick Business Park for £9m.

JR Capital and Chancergate have bought the 120,000 sq ft Liverpool buildings, located off Sefton Street, as part of their £150m multi-let urban logistics fund.

North Harrington comprises one 54,000 sq ft unit occupied by indoor go-karting company TeamSport.

South Harrington is a former dockside warehouse that has been reconfigured into six self-contained warehouse units at ground floor, with the first floor offering office accommodation. Current occupiers include Royal Mail and specialist clinical nutrition products producer, Vitaflo, part of the Nestle Group.

JR Capital’s head of investment, Michael Ferris said: “We are pleased to have completed this latest acquisition for the fund. Brunswick Park offers high-yielding and well-diversified income, anchored by some really quality tenants.

“The surplus land on the 10-acre site is suitable for development for a variety of uses providing us with an opportunity to roll our sleeves up and add value in the short term.”

Other assets within JR and Chancerygate’s five-year fund include the 108,000 sq ft Port Road Business Park in Carlisle and the 140,0000 sq ft Capitol Trading Park in Knowsley.

JR Capital and Chancerygate’s £150m fund has a five-year life and is targeting urban logistics, industrial and warehousing investments across the UK in lot sizes of £10m to £20m.

Chancerygate head of investment and asset management Simon Cowley added: “This strategic acquisition secures an excellent asset to add to our growing portfolio within the resilient North West market.

“The fully let nature of buildings signifies the strength of demand for this type of accommodation such a core urban logistics location being immediately proximate to the city centre.”

B8 acted on behalf of Chancerygate and JR Capital, while Edwards Property Consultants advised CEG.

Your Comments

Read our comments policy

This area has the potential to achieve greater things , both in the commercial and residential sectors. Brunswick Station is adjacent giving access to the city centre and North and South Liverpool, while Sefton St provides vehicle access for business and residential users.

By Anonymous

The surplus land reference could be interesting different uses etc.
The car park is huge and potentially anything could be built there?

By Liverpool4Progress

Good to see a major investor coming into the city . A further positive straw in the wind of growing confidence. The site has potential for further growth

By George

The south end of the site seems to be emerging as a little district centre with retail/restaurant opportunities below the adjacent residential tower.

By Anonymous

This site needs more density, remember Maro Tower? A good mix of homes, offices and workshop space would be perfect for this site, which is so well connected and would help create more much needed jobs for L8.

By GetItBuilt!

Related Articles

Sign up to receive the Place Daily Briefing

Join more than 13,000 property professionals and receive your free daily round-up of built environment news direct to your inbox


Join more than 13,000 property professionals and sign up to receive your free daily round-up of built environment news direct to your inbox.

By subscribing, you are agreeing to our Terms & Conditions and Privacy Policy.

"*" indicates required fields

Your Job Field*
Other regional Publications - select below