Pitalia sells Winsford industrial for £16m

The investor acquired the 239,000 sq ft Road Five site across two transactions in 2021 and 2022 for a combined £11m.

One Point Investments is the new owner of the four-unit Winsford industrial asset, paying just over £16m.

The acquisition includes a 0.63-acre parcel of undeveloped land. Current occupiers include Henkel UK Operations, Frank Roberts & Sons, Renray Healthcare, and Clearfield Envirotech.

Legat Owen and JLL advised Pitalia on the sale of Quad. Cube Asset Management acquired the scheme on behalf of One Point.

Matthew Pochin, director at Legat Owen, said: “This sale reflects the continued strength of the North West industrial market and investor appetite for well-located, income-producing assets.”

“Road Five presented a compelling opportunity with robust rental growth prospects and a secure income profile. We’re pleased to have achieved a successful outcome for our client, Pitalia Real Estate.”