The Very Group, Wrexham

Investment

The Very Group, Wrexham

Property description

  • B8RE initially bought the site for the client in two separate purchases and helped put in place a business plan in order to achieve the best value.
  • B8RE’s occupational team advised on the occupational lease re-gears.
  • B8RE were subsequently instructed on the investment sale and undertook an extensive marketing campaign.
  • A sale was agreed and B8RE closely monitored and advised throughout resulting in a successful completion.
  • The deal demonstrates how our investment and agency teams work in tandem. An effective business plan was created for our client which resulted in a highly successful disposal at a price in excess of the valuation.

Location

The Very Group, Wrexham, LL13 9UT

Client
Confidential - UK Institutional Fund.
Date
June 2022
Rent
£2,010,006 pa
Size
711,633 sq ft (66,113 sq m)
Tenancy
Shop Direct Home Shopping Limited (The Very Group) with a WAULT of 9.25 years
Type
Industrial Investment Sale
Value
Over £30M