Wrexham warehouse sold for £2.5m

A 74,712sq ft industrial unit in Wrexham occupied by Calypso Soft Drinks has been sold for £2.5m to Target Real Estate.

CBRE’s Manchester Capital Markets team, acting on behalf of Stainton International, struck the deal which represents a net initial yield of 8.42%.

The storage and distribution warehouse is located on Wrexham Industrial Estate, one of the largest in Europe and home to 300 national and international businesses, including Kellogg’s, HSS Hire and JCB.

Calypso Soft Drinks is in occupation on a 15-year lease until 2020 and the firm has a long-standing commitment to the area, with its UK head office located adjacent to the unit.

Robert Woods, Director of Capital Markets at CBRE’s Manchester office, Robert Woods said: “We were pleased to act on behalf of Stainton International in the sale of the Calypso facility to Target Real Estate.

“The property is located within one of the North West’s most acclaimed industrial estates and close to Wrexham, the principal commercial centre and largest town within North Wales.

“Additionally, Calypso’s commitment to the immediate locality indicates long-term rental security for Target Real Estate.”