Rare North West Multi Let Industrial Investment Opportunity
Manchester, 18th July 2017: UBS Triton General Partner Limited has agreed a deal with CEG to acquire its 680,000 sq ft warehouse / distribution investment at Stakehill Industrial Estate in Middleton for an undisclosed figure.
Paul Richardson, CEG’s Investment Manager for the North, comments: “The sale of Stakehill is a unique one for us and having successfully managed the Estate over the years, we are now able to use the funds from this sale to reinvest and continue to grow our existing portfolio, which is our priority.”
CEG acquired Stakehill on behalf of investors in 2012 and its ownership represents one of the largest industrial parks in the North West.
WHR Property Consultants LLP acted on behalf of CEG. Savills represented UBS Triton General Partner Limited.