Duchy Acquires Manchester Industrial Estate
The Duchy of Lancaster has acquired an industrial estate in Greater Manchester in its third commercial investment since the start of the year.
Wardley Industrial Estate lies five miles to the North West of Manchester city centre on the main link road between Liverpool and Manchester. Extending to 6.81 acres (2.75 hectares), it includes a purpose-built distribution warehouse and three trade-counter units. It is fully let to Clipper Logistics Plc, Design 2 Fit Ltd and Armordor Ltd.
Commenting on the acquisition, Duchy Head of Urban Mike Andrew said: “This investment follows similar acquisitions by the Duchy in Blackburn and Liverpool earlier this year. The high demand for conveniently located, purpose-built warehouses is strengthening across the country. We will continue to invest in high quality industrial/warehouse properties wherever we believe that we can add value through our proactive management.”
Knight Frank acted on behalf of the Duchy and DTZ acted for Aberdeen Asset Management.