Canmoor and Blackrock have bought the Oakhill Trading Estate in Walkden, Salford, for £16m.
The estate was sold by TH Real Estate, and the properties will now form part of the Blackrock Industrial Trust portfolio.
The park is made up of 340,000 sq ft of warehouse accommodation across 45 units. Existing occupiers include OCS Group, Howden Joinery and Next Group.
DTRE acted for Canmoor and Blackrock, while Knight Frank acted for TH Real Estate.
At the end of last year Blackrock acquired 211-256 Europa Boulevard in Warrington for £7m, as part of its investment in its industrial portfolio.
Mark Braithwaite, head of Canmoor’s Manchester office, said: “This exciting deal builds on our recent acquisitions in the region and offers us a great opportunity to deliver significant value by implementing a proactive estate management and refurbishment strategy.”
Knight Frank and JLL have been appointed joint letting agents for the estate.