Trading estate sold for £16m
CANMOOR and Blackrock have successfully acquired Oakhill Trading Estate in Walkden, near Manchester, on behalf of the BRIT Portfolio from TH Real Estate for £16m.
The estate, which is situated immediately to the west of Junction 3 of the M61, comprises 338,043sq ft of warehouse accommodation across 45 units. Existing occupiers include OCS Group, Howden Joinery and Next Group Plc.
Mark Braithwaite, head of Canmoor’s Manchester office, said: “This exciting deal builds on our recent acquisitions in the region and offers us a great opportunity to deliver significant value by implementing a proactive estate management and refurbishment strategy.”
Andrew Lynn, industrial and logistics director at JLL, which has been appointed to market the estate alongside Knight Frank, added: “Oakhill is a large well established estate in a convenient location which has been somewhat neglected over recent years. Canmoor have exiting plans for the development and we are delighted to have been appointed to help to realise its potential.”
DTRE acted for Canmoor and Blackrock, while Knight Frank acted for TH Real Estate.
