St. Modwen has completed the sale of a chemical additive and manufacturing facility in Eccles to Friends Life for £8.27m.
The 22.6-acre site, which is located north of Trafford Park at Lankro Way, is fully let to Akcros Chemicals for a further 21 years.
St. Modwen has retained 14 acres next to the site, which is earmarked for development.
Steven Knowles, regional director of St. Modwen, said: “We acquired this property in 2007 as part of a wider site. Akcros has traded successfully throughout that period. In line with our strategy for long let investments, this sale will allow us to focus on development and asset management opportunities.
“We are actively seeking opportunities throughout the North West, which allow us to focus on our core skills, and have the funds ready to invest in the region.”
WSB Property Consultants and Pinsent Mason Solicitors advised St Modwen.