Browsing: Property

The North-west is a diverse region and home to seven million people – almost one eighth of the total UK population – characterised by the two major cities of Liverpool and Manchester.

Insight Investment Management (IIM) has agreed to buy Beaumont Industrial Estate in Banbury, advised by GVA Grimley. Comprising a 17.2 acre manufacturing and distribution facility, the accommodation extends to 42,746sq m.

A 12.4 acre plot at Tewkesbury Business Park has been secured by St Modwen Developments in partnership with Stoford Developments. A large manufacturing and distribution centre is planned for the site.

The industrial park at Witton, Birmingham, has been sold, in an investment deal worth £26.5M, by IM Properties to Aberdeen Property Investors on behalf of the Barclays Bank UK Retirement Fund.

Delivery and collection business Target Worldwide Express is leasing a 2,794sq m unit on the Kites Croft industrial park at Southampton. Target is moving its parcels distribution business from premises in Winchester to the new facility.

Colliers CRE, acting for HM Prison Service has sold the 93,000sq m Branston distribution centre at Burton-upon-Trent to Astral Developments for £25.3M, reflecting a yield of 7.5%.