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Buccleuch Property Expands Investment Portfolio with Acquisition of B&M Retail Warehouse in Manchester

Buccleuch Property Expands Investment Portfolio with Acquisition of B&M Retail Warehouse in Manchester image

Buccleuch Property has recently extended its investment presence in the retail warehouse sector with the strategic acquisition of B&M on Hyde Road, Manchester. The purchase of this prominent 52,000 sq ft unit was completed through an off-market transaction with Rajan Trading Co, amounting to £4.5m, demonstrating an initial yield of 6.25%. Situated a mere two miles east of Manchester city centre, the property boasts a prime location and is let to a strong tenant until December 2027 on a high profile 3.5-acre site. 

 

Philip Eves of Buccleuch Property said “We continue to seek investment opportunities in asset classes with good rental growth prospects across core UK locations. This is a great addition to our portfolio, providing secure income from a national retailer and located on a major arterial route leading into Manchester City Centre.” 

 

Tom Lathwood, Development Manager at Harlex, said: “The property’s prominence and proximity to Manchester city centre makes this both an excellent short and long-term purchase. This acquisition further enhances Buccleuch’s portfolio and evidences the strong investor confidence in the North West market.” 

 

The successful acquisition was facilitated by Colliers and Harlex.  

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