Regional REIT is close to acquiring a portfolio of properties from Conygar Investment Company for £129m, including assets across Warrington, St Helens, and Colwyn Bay.
The Conygar property portfolio totals 31 mixed-use buildings “outside of the M25 motorway” totalling 1.28m sq ft.
Regional REIT will acquire the properties by purchasing the special purpose vehicles that own the individual assets.
In the North West, the buildings that Regional REIT has bought include Hewlett Packard’s 50,000 sq ft office in Birchwood Park in Warrington, and the 26,000 sq ft The Links office on Kelvin Close occupied by Dassault Systems, also in Warrington. A 41,000 sq ft retail warehouse let to Wilkinson Hardware in St Helens, and a 175,000 sq ft shed in Mochdre Commerce Park, Colwyn Bay, complete the North west portfolio.