Quasar buys from MCR in Chester

Quasar Real Estate, part of Simon Storer’s Guernsey-based Jolivet Group, has completed the acquisition of Telford Court business park in Chester for £4.8m, from MCR Property Group.

The 44,000 sq ft office park, located off Junction 16 of the M56, is currently multi-let to 20 tenants, producing an annual rent of more than £400,000.

Deloitte Real Estate’s North West team represented Quasar on the deal.

Simon Storer, of Quasar Real Estate, said: “We are pleased to add Telford Court to our growing real estate portfolio. The scheme offers an attractive and convenient business destination and with the region continuing to experience sustained growth, we will continue to see these strategic locations strengthen further.”

Matthew O’Brien, partner, and Martin Bloor, solicitor, at Brabners, represented Quasar.