A large Merseyside trade park has been acquired by JR Capital and Chancerygate fund.

Commerce Trade Park in Birkenhead has been bought for £3.45m by the £100m multi-let industrial property investment fund.

Managed by property investment company JR Capital and industrial asset manager Chancerygate, which has an office in Warrington, the fund has acquired the 40,004 sq ft scheme from investment and property management company, London & Cambridge Properties (LCP).

The trade park on New Chester Road comprises four road facing trade counters, eight industrial and two office units ranging from 606 sq ft to 7,747 sq ft.

More