Stakehill Industrial Estate in Middleton has been sold for £46.35m to UBS Triton Property Fund.
The site, which is one of the largest business parks in Greater Manchester, has in excess of 2.5m sq ft of industrial and distribution space across 45 industrial units and two office buildings.
Residents on the park include Tesco, Booker, Comfy Quilts, NFT Logistics, UK Mail, LED Hut, TSUK, Personal Healthcare Services, Clarke Telecom and Yodel.
UBS said the acquisition is part of the fund’s strategy to acquire dominant multi-let commercial properties in growth locations, ‘with the industrial sub-sector proving particularly attractive.’
Howard Meaney, head of real estate UK and senior portfolio manager for UBS Triton, said: “Stakehill Industrial Estate presented us with the rare and highly sought after opportunity to acquire a prime industrial asset of significant scale located in one of the country’s strongest distribution locations."
This news story was first published on the Manchester Evening News on 31 July.