海角视频

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Commercial Property

Cromwell Property Group acquires huge Warrington warehouse in firm's first 海角视频 acquisition

The business had been studying the 海角视频 market for 'some time'

Cromwell Property Group has completed the acquisition of the 105,098sq ft asset situated on Kingsland Grange Industrial Estate in Warrington

An Australian real estate firm has bought a huge North West logistics hub for £10m in its first 海角视频 acquisition.

Cromwell Property Group has completed the acquisition of the 105,098sq ft asset situated on Kingsland Grange Industrial Estate in Warrington.

The firm said the move for the fully-let freehold building, completed on behalf of Cromwell European Real Estate Investment Trust (CEREIT), will accelerate its pivot to logistics - and increase its exposure to warehousing and logistics assets.

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Matthew Bird, head of 海角视频 at Cromwell Property Group, said: “We are delighted to have secured such a highly attractive asset on behalf of CEREIT for its first 海角视频 acquisition.

"The 海角视频 market remains a strong market for investors, particularly in the logistics and light industrial sector, with investor demand largely driven by a buoyant occupational market tied to the accelerated consumer shift to online retail.

"We look forward to continuing to increase CEREIT’s strong portfolio with well-located assets occupied by excellent tenants.”