LSE Retail Group, Irlam

Investment

LSE Retail Group, Irlam

Property description

  • B8RE identified this site as an opportunity and negotiated an off-market acquisition from the current corporate owner.
  • B8RE worked closely with Marshall CDP to design a suitable industrial development which would not only appeal to occupational demand but would maximise value out of the site.
  • Following a successful pre-let (B8RE acting), working closely with the client to agree attractive lease terms, B8RE were instructed to sell the asset as an investment.
  • B8RE successfully negotiated and agreed a price and closely monitored and advised throughout resulting in a successful completion.
  • This deal demonstrates how our investment and agency teams work in tandem to create the best possible outcome.

Location

LSE Retail Group, Irlam, M44 5GR

Client
Marshall CDP
Date
January 2021
Rent
£900,090 pa (£6.57 psf)
Size
137,000 sq ft (12,728 sq m)
Tenancy
Let to LSE on a 15 year lease.
Type
Industrial Investment Sale
Value
£20,500,000 / 4.10%