CBRE sells Tameside industrial park

CBRE Global Investors has sold the 544,000 sq ft Globe Industrial Park in Dukinfield to Paloma Capital for £13.75m, reflecting a net initial yield of 9.05%.

Globe Industrial Park is a 22-unit industrial estate on 29 acres. Occupiers include Turner Bianca, Parker International and UK Power Reserve.

Paloma Capital was represented by Savills. Collingwood Rigby and CBRE’s Manchester capital markets team advised CBRE Global Investors.

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