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Buccleuch Property Completes Sale of Industrial Investment at Irlam

Buccleuch Property Completes Sale of Industrial Investment at Irlam image

Buccleuch Property has successfully completed the sale of an industrial investment at Irlam Business Park, near Manchester, to Crossbay, the pan-European urban logistics platform of private equity real estate manager MARK, for in excess of £11 million.
 
The site comprises two modern, semi-detached warehouses totalling 83,923 sq ft, which are fully let to two tenants with an average unexpired lease term of over 11 years. Situated in a prime location between Junction 11 of the M60 and Junction 20 of the M6, the property offers excellent connectivity to key transport routes , making it an ideal asset for logistics operations.
 
Crossbay's acquisition marks its first move into the North West, further expanding its UK footprint following two recent acquisitions in Yorkshire.
 
We were advised by Zaman Roberts, and Knight Frank acted on behalf of Crossbay.
 
Adam Roberts from Zaman Roberts commented “Having advised Buccleuch Property on the purchase in 2016, our client successfully executed their business plan and we are now pleased to have completed the sale to Crossbay.”
 
Philip Eves of Buccleuch Property said “At Buccleuch Property, we continue to focus on value-driven, strategic acquisitions that align with our long-term vision for sustainable growth.”
 
Craig Barton at Knight Frank acted for Crossbay.

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