Knowsley industrial site sold

Knowsley industrial site sold
GUERNSEY-based property investor Jolivet Group has bought a large industrial site in Knowsley from administrators.

GUERNSEY-based property investor Jolivet Group has bought a large industrial site in Knowsley from administrators.

Moorgate Point, which had a guide price of £5.25m, contains almost 400,000 sq ft of industrial accommodation and 37,000 sq ft of offices, is a 21-acre site with an additional 6.3 acres of land available for development. It is home to 10 tenants and currently produces a net income of £835,000 per year.

Jolivet Group was advised on the deal by Manchester-based OBI Property. Investment partner Gary Scorah said: “The acquisition represented a fantastic return to the purchaser who acquired the property at a reasonable capital value.”

Jolivet’s Simon Storer said: “Moorgate Point is a perfect fit to our existing portfolio of predominantly industrial investments.

“We will be actively working with the existing occupiers and implementing our asset management strategies to enhance the investment further.”

Click here to sign up to receive our new South West business news...
Close