JR Capital and Chancerygate’s £100m multi-let industrial property investment fund has acquired a further two assets in Birkenhead, Merseyside, and Cardiff for a total of £6.9m.
Commerce Trade Park in Birkenhead is a 40,004 sq ft scheme which has been acquired from investment and property management company, London & Cambridge Properties (LCP) for £3.45m.
Comprising 14 trade counter, office and industrial units, the trade park is prominently situated on the A41, approximately one mile south of the town centre and within the Wirral’s dominant trade counter location.
Anchor tenants on the scheme include construction materials supplier, Saint Gobain Building Distribution; tools, accessories and building supplies specialist, Toolstation; and kitchens and joinery specialist, Benchmarx.
West Point Industrial Estate, Cardiff, a nine unit scheme totalling 33,977 sq ft has also been acquired by the fund from commercial property management, development and investment company, Telereal Trillium for £3.45m.
The units are located within three miles of Cardiff city centre and are prominently situated on Penarth Road, the main arterial route into Cardiff from the west of the city centre. Current occupiers of the units include out of home advertising specialist, Clear Channel UK; same day courier, CitySprint; and trade electrical products manufacturer, PremSpec Electrical Products.
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