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.
Bring to the market this leasehold specialist car sales and servicing facility located in Horncastle, Lincolnshire. The trade was established as a limited company in 2005.
LEASEHOLD
The company is an online vehicle purchasing platform, providing a fast, hassle-free car-selling service for the end user. A competitor to the likes of webuyanycar.com and Motorway, the company is a well-established online vehicle purchasing platform...
Bringing to the market this denim and casual wear retailer, boating a user friendly comprehensive online presence.
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.