IO have completed the purchase of the 25,651 sq ft Chester Trade Park, Chester for £2,450,000 from CBRE Global Investors, representing a yield of 6.9%. The property comprises a modern multi-let Trade Park located in a prime pitch, fronting onto Bumpers Lane, Chester.
John Burrows of B8 Real Estate who acted on behalf of IO commented “the estate represented an excellent opportunity to acquire a modern trade counter investment with a proven track record of attracting and retaining high quality tenants such as Screwfix, Plumbase and GAP Plastics. The trade counter market has seen significant growth in recent years and we are seeing an increase in demand from occupiers, particularly for Estates in prime locations such as Bumpers Lane, Chester.”
IO were represented by B8 Real Estate
CBRE Global Investors were represented by CBRE.