Winwick Quay Business Park sold

Jessica Middleton-Pugh

The 400,000 sq ft industrial business park has been bought by LaSalle Investment Management for around £24m, a yield of 7.5%.

The 25-acre site was sold by Winwick Quay LLP, a consortium of private investors.

The estate comprises Cameron, Colville and Chetham Courts, with a range of units available of between 3,000 sq ft and 30,000 sq ft. There is planning consent granted in 2010 for a further 70,000 sq ft of warehouses.

Occupiers include Pure Gym, LA Bowl, Safestore and Autoglass.

Winwick Quay LLP bought the park in 2008 from AXA Real Estate for around £20m.

Riddell TPS represented Winwick Quay, and Colliers International advised LaSalle.

Jonathan Hawkes, fund manager at LaSalle, said: "Improving occupier sentiment, particularly in strategic locations such as Warrington, combined with the strong fundamentals of the estate means that this purchase is well aligned with our investment strategy."

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