Industrial property investors go Christmas shopping in Wigan and Warrington
22 December, 2020
category: Property News
Industrial property investors Warehouse REIT and Stenprop have made last-minute Christmas purchases, buying sites in Warrington and Wigan.
Warehouse REIT, which specialises in last-mile industrial warehouse assets, has bought a portfolio of four sites in the North West and West Midlands for £18.6m.
The 200,000 sq ft portfolio is fully occupied and generating an annual rent of £1.22m.
It includes 1 Kingsland Grange, a 71,000 sq ft property in Warrington which is currently let to plastic compounds supplier Perrite, and a 42,000 sq ft warehouse in Bank Quay Gateway Quarter close to Warrington town centre that is let to Selco Trade Centres and UK Storage Company.