Poynton unit fetches £8.3m from arms supplier
Joint venture partners Quorum Estates and Chestergate Properties have sold the recently refurbished 65,000 sq ft QC65 building to firearms importer and wholesaler Edgar Brothers.
Edgar Bros will relocate its headquarters to the Poynton Industrial Estate property, now in its ownership for £8.325m.
The joint venture acquired the former manufacturing facility last year. With Mellings appointed as the main contractor, the building underwent a major refurbishment, being stripped back to its structural frame and repurpoed from there.
The JV initially marketed QC65 on both a freehold and leasehold basis. Sole appointed agents, Williams Sillitoe identified Edgar Bros as a prospective purchaser early in the process allowing the joint venture developers to work closely with the business to incorporate a number of its specific operational requirements into the redevelopment.
Edgar Bros will move from Lyme Green Business Park in Macclesfield later this year, once fit-out is complete.
The company was formed in 1947, making it one of the oldest providers of firearms, ammunition and associated products in the UK,
Mark Sillitoe, director at Williams Sillitoe, says: “QC65 is a great example of what can be achieved through the comprehensive redevelopment of an existing industrial asset. Working with Edgar Bros from an early stage allowed us to tailor the building around their requirements to build an impressive new headquarters.
“The South Manchester and Cheshire East market continues to thrive and with freehold opportunities in short supply, we were confident that this development was always going to prove popular to the owner-occupier market.”
