175,000 sq ft Winsford shed fetches £6.75m
THE 175,000 sq ft Winsford distribution facility ONE175 has been sold for £6.75m.
London-based Threadneedle Investments has acquired the site which is occupied by supply chain management company, Howard Tenens.
The deal represents a net initial yield of 8.5%.
GVA sold the site as the Law of Property Act receiver, but the original owner was a joint venture between LaSalle Investment Management and Lynton Developments.
The shed is on Winsford Industrial Park which is also home to Linpac Material Holdings, H&M Hennes, Henkel, International Paper and Advanced Medical Systems.
B8 Real Estate acted for Threadneedle Investments.
