Tornado 70, Speke

Investment

Tornado 70, Speke

Property description

  • B8RE helped Marshall CDP identify this site as a purchase opportunity.
  • Following an acquisition, 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 to Sainsburys (B8RE acting), we were subsequently instructed to sell the property on a forward commitment basis.
  • Following an extensive marketing campaign, resulting in a competitive bidding situation, B8RE successfully negotiated and agreed a strong price. We closely monitored and advised throughout resulting in a successful completion.
  • This deal demonstrates how our investment and agency teams work in tandem when creating successful outcomes for clients.

Location

Tornado 70, Speke, L24 8AD

Client
Marshall CDP
Date
January 2022
Rent
£502,500 (£7.50 psf)
Size
67,000 sq ft (6,225 sq m)
Tenancy
Let to Sainsbury’s Supermarkets Ltd on a 15 year lease
Type
Industrial Investment Forward Funding Sale
Value
£12,725,000 / 3.69%