Winsford shed sold for £1.3m

A 100,000 sq ft Winsford shed has been sold for £1.3m.

Winsford One 100 at Winsford Industrial Park was acquired by a company called Parabola Securities from receivers at GVA.

It was originally owned by a joint venture between Lynton Developments and LaSalle Investment Management.

The joint venture bought the site from logistics group Wincanton which served a Tesco contract from the warehouse.

In November GVA sold another Lynton/LaSalle asset, the 175,000 sq ft One 175 building. It was bought by Threadneedle Investments for £6.75m.

GVA’s Andrew Pexton said: “In the current market the sale represents an ideal opportunity for a property company to undertake refurbishment works to the unit to maximise its value. There were a number of parties interested in the unit but Parabola’s approach was straight forward and offered the best value.”
 
Lamont & Co were joint agents with GVA. WHR acted for the purchasers.