FCPT acquires Estuary Business Park for £5.08 m

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F&C Commercial Property Trust has purchased Hurricane 47, Estuary Business Park in Liverpool for £4 million as well as the adjoining land of 3.60 acres with planning consent for the construction of a 52,500 sq. ft. warehouse, totalling £5.08 million.

Hurricane 47 includes a 47,462 sq. ft. speculatively developed building with 12m eaves height, four dock level loading doors, two level access doors, secure self-contained yard area and 5,000 sq. ft of. office space over two stories.

“As South Liverpool’s resurgence continues, our increased holding provides us with an opportunity to generate sustainable income for our investors as we look to benefit from the lack of supply for new build grade A stock and strong occupier demand,” said FCPT fund manager Richard Kirby.

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