After an initial slow start to the year, the industrial investment market across the North West has begun to pick up pace.
Total investment volumes rose by 194% to £181.5m in H1 2014, compared with £61.7m in H1 2013.
The most notable transactions took place in Q2 2014, these include:
Fidelity UK Real Estate Fund’s acquisition of the 360,000 sq ft warehouse at Martland Park, Wigan which was a sale and leaseback to Sports Direct for £21.2m reflecting a net initial yield of 8.7%.
Clearbell Capital LLP’s purchase of an industrial portfolio from Pin Properties for £18.4m reflecting a net initial yield of 9.47%. This comprised three assets including Bury Point in Radcliffe, Broadgate Point in Chadderton and the Ebay Enterprises unit at Runcorn.
To view our latest UK Investment Transactions (UKIT) report, please click here.