Tue, 24 Aug 2021 | COMMERCIAL PROPERTY
The Leeds division of commercial real estate firm CBRE has completed the acquisition of three industrial sites in Yorkshire on behalf of logistics company Mileway for £6.4 million.
The portfolio was acquired from Wetherby-based In-Site Property Solutions, which has a strategy of acquiring industrial sites and engaging in renovation projects at the locations before selling them on.
The portfolio includes: the South Bradford Trading Estate, a multi-let estate in Bradford; Green Park, Wharfedale Road on Bradford’s Euroway Industrial Estate; and the Junction 34 site on Greasbro Road, Sheffield.
The sites total 75,500 square feet and have full occupancy, with eight tenants. In line with In-Site Property Solutions' acquisition and exit strategy, all the sites have undergone significant refurbishment over the past 18 months.
Henry King of CBRE’s Leeds Capital Markets team commented: "This portfolio provides our client with a trio of well-located industrial assets, which are currently fully-let and providing an attractive and diversified income stream. We believe the assets are perfectly positioned to take advantage of favourable market dynamics moving forward."
In-Site Property Solutions were advised on the exit by Lambert Smith Hampton. LSH Director Scott Morrison said: "It is testament to our client, In-site Property that they continue to spot industrial opportunities, undertaking substantial refurbishment projects and perfectly executing their asset management and exit strategy. We are delighted to have advised, let and sold on this portfolio alongside their other retained agents."
One of the best ways to find properties below market price is to look at recent administrations.
The company provides UK-wide distribution solutions, specialising in Hiab hire and transporting cargo that requires ADR certification. The business utilises its proficient drivers and fleet to effectively collect and distribute goods of all sizes, in...
This is a unique opportunity to acquire a well-established scaffolding supply business in Scotland, offering comprehensive services and working with blue-chip clients across various industries.
This reputable company is a leading supplier and installer of commercial flooring and hygienic wall cladding, known for its strong relationships and premier installer status with a market-leading manufacturer. With a broad range of installation solut...
15
|
Jul
|
Business and assets of furniture manufacturer acquired in pre-pack deal | BUSINESS SALE
The business and assets of a Wiltshire-based furniture manuf...
15
|
Jul
|
DJH continues acquisition drive with first takeover in Ireland | BUSINESS SALE
Private equity-backed accountancy and professional services ...
15
|
Jul
|
Hospitality giant acquires £12.3m-turnover hotel group | BUSINESS SALE
Property, construction and hospitality giant The Arora Group...
20
|
Jul
|
JD Wetherspoon seeks buyer for seven sites | COMMERCIAL PROPERTY
Pub group JD Wetherspoon is seeking a buyer for seven of its...
20
|
May
|
Administrators put Liverpool’s Shankly Hotel up for sale | COMMERCIAL PROPERTY
Administrators from Kroll (formerly Duff & Phelps) have enga...
14
|
Aug
|
Trafford Centre up for sale after Intu administration | COMMERCIAL PROPERTY
Manchester’s Trafford Centre shopping mall is up for s...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.