Fully occupied Wigan industrial estate sold in £4.5m deal
Nolan Redshaw has negotiated the off-market acquisition of Kirkless Industrial Estate in Wigan, on behalf of a retained private client, for more than £4.5m.
Parkinson Real Estate acted on behalf of the vendor.
Located in Aspull, Wigan, the site totals more than 27 acres and contains a balanced mix of industrial units and self contained yards let to in excess of 70 separate tenants, with a broad mix of local and regional occupiers.
The estate has seen significant development over a number of years and is initially fully let.
Harry Bowers, of Nolan Redshaw, said: “We are delighted to have been involved with this acquisition from initial discussions through to completion.
“Now the site has been successfully acquired we are looking forward to working with our client and tenants on the estate to assist with asset management opportunities in the near and long term future.”
The site is one of the largest industrial sites in Wigan held in single ownership.
Paul Nolan, also of Nolan Redshaw, said: “Our investment department has seen a rise in activity over the last 18 months.
“This transaction highlights our skillset, providing bespoke advice and market knowledge throughout the North West, ultimately resulting in a successful off market acquisition.”