Klyne & Klyne buys Universal Point

Simon Donohue

Branded goods discounter Klyne & Klyne has paid an undisclosed sum for the former Universal Point warehouse and headquarters of the collapsed Homeform Group in Chester Road, Old Trafford.

Universal Point extends to 170,000 sq ft of commercial space on a 10-acre site and was marketed at a guide price of £4.95m.

OBI Property represented Klyne & Klyne in the transaction with B8 Real Estate and Jones Lang LaSalle acting jointly on behalf of the Fixed Charge Receivers.

Deloitte were appointed administrators of the Homeform Group in 2011.

B8's Steve Johnson said: "Universal Point represented a rare opportunity for an occupier to consolidate a number of operations on a self-contained, high profile site and after receiving an encouraging level of interest from investors and owners we were delighted to conclude a transaction with Klyne & Klyne."

Klyne & Klyne's Sammy Klyne said the company had required new centrally-located premises for over 12 months due to the expansion of its businesses.

He added: "Universal Point offers us a well-located client-facing facility to suit all of the companies' needs."

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