Property group makes second major acquisition
The property firm bought the park - which comprises 22 retail units offering more than one million sq ft of industrial space - from LPA Receivers acting for Lloyds Banking Group.
Late last year, Hansteen also acquired HPUT, on the Cardiff-based Treforest Industrial Estate, from SEGRO for £27.1 million.
Joint chief executive of Hansteen, Ian Watson, said that the two recent acquisitions were ideal properties on which the firm could 'use their expertise in intensive management to add real value.'
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