LAP snaps up space at Warrington’s Adlington Court 

London & Associated Properties has expanded its industrial and logistics portfolio with the £2.3m acquisition of 25,200 sq ft at the Birchwood complex. 

Adlington Court in Warrington comprises 18 industrial units across two blocks. LAP has acquired four of those units – let to The Lowton Motor Company, A T Plant Services and Drivetrain – from Cordatus Property. 

The other 14 units are in multiple ownerships, a mix of owner/occupiers and investors. 

In addition to purchasing four units, LAP has acquired all of the common areas at Adlington Court as part of the deal.

The acquisition also includes the freehold reversionary interest in a daycare centre with grounds on a long lease to Warrington Council.

John Heller, chief executive at LAP, said: “This acquisition represents significant opportunities for LAP with strong rental demand and a history of owner-occupier interest, as demonstrated by the units already sold.

“Tenant demand for warehousing across the region is strong, exacerbated by the demands from the pandemic. This, combined with a general lack of new development over recent years, has led to a shortage of available stock of any size in the North West.”

Wake Smith Solicitors acted for LAP.

Neil Salter, head of the commercial property team at Wake Smith Solicitors, said: “We have a very well-established relationship with LAP and we were delighted that LAP chose us to act on this important acquisition for them.  

“It was great to get the deal over the line in a relatively short period and we look forward to working on the management of this asset.”