Oldham warehouse changes hands for £6m

Acting on behalf of PP Group, BC Real Estate has acquired Drury Point, a 110,000 sq ft single storey warehouse on Drury Lane in Oldham, for £6m.

The unit was sold by Quidnet Capital Partners.

PP Group is a steel fabrication and welding company, and has been looking to expand and consolidate its North West operations for more than two years.

BC Real Estate has been retained as the sole agent to sell the three units that PP Group previously occupied. The units, of 27,000 sq ft, 10,500 sq ft and 30,000 sq ft are situated in St Helens, Salford and Gorton.

Savills represented the vendor.

John Barton, partner at BC Real Estate, said: “PP Group approached us to help address its relocation plans. We were able to successfully create an opportunity and agree a deal that would have otherwise not been available enabling PP Group to finally implement its long term business strategy for growth.”