Remaining property at collapsed window and door maker site is acquired

Watling Real Estate has acquired a second major industrial unit in Barnsley in a month.

Following on from the acquisition of a 60,000 sq ft unit at Valley Road Industrial Estate by Glenbrook Investments, Watling Real Estate has completed a second deal to buy the remaining 133,000 sq ft former Safestyle UK manufacturing distribution hub for a private regional investor.

The latest acquisition includes a modern distribution unit of 67,234 sq ft together with a manufacturing unit of 66,133 sq ft, on a site of 7.96 acres. It was on the market for £6m.

Hilco Global Real Estate Advisory advised the seller.

Ian Whittaker, capital markets director in the Manchester office of Watling Real Estate, said: “It’s great to be involved in another acquisition on Valley Road Industrial Estate in the space of a few weeks for another proactive client.

“We identified an opportunity to acquire the site at short notice and were able to complete the transaction in under a week.

“This transaction perfectly demonstrates Watling’s ability to identify opportunities and piece together deals in what is still a fairly sluggish and slow market with limited stock.

“We, as an agency, have just celebrated our first full year and it really couldn’t have gone much better.”

Law firm DLA Piper acted for the seller with the buyer advised by Hill Dickinson.