Easter sees £30m of commercial property deals in North-West | 28 April 2011
Over Easter, some £30 million worth of commercial property deals were agreed throughout the north west of the UK.
According to MEN Media, the significant investments demonstrated that “confidence” was “growing fast” amongst investors.
Sales such as a warehouse in Warrington (which sold for £2.75 million), a shopping centre in Farnworth (£4 million) and an office block in Wilmslow (worth £3 million) went through over the holiday period.
Furthermore, sales were settled over the long weekend for another shopping centre in Chorley and a precinct in Bolton; which were worth around £22.25 million and £4 million respectively.
The investor responsible for buying the precinct, Michelle Taylor, told UK Business Property that it would provide “income” and “numerous opportunities to add and value” to the surrounding area.
Additionally, an investor who paid out £3 million for a four-storey building that has retail space on the bottom and office space on the top made a statement regarding the find.
He told the Manchester Evening News that: “This acquisition represented an ideal opportunity.”
“The property is well located within the town centre and benefits from excellent on-site parking, as well as a high-profile position.”
One industry expert operating in the north west, Gary Scorah, claimed that all the recent acquisitions indicated the return of “investment interest.”
Written by Deborah Bates on behalf of Qube Global Software
While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.
We are delighted to announce that a number of our customers were crowned winners at the Property Week Management All-Stars awards – held at Grosvenor House, London, on the 2nd November.
Network Homes has chosen to implement Qube Living to support its growing Build to Rent portfolio.
We are proud to announce that a number of our customers have been shortlisted at the prestigious ARMA ACE Awards.