Ribston acquires Bradford industrial estate

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Ribston acquires Bradford industrial estate

The Ribston UK Industrial Property Limited Partnership has acquired Enterprise 5 Industrial Estate, a multi-let industrial estate in Bradford, for an undisclosed sum.

Located in the Bradford suburb of Idle adjacent to the Enterprise 5 Retail Park, Enterprise 5 Industrial Estate comprises 17 units of modern industrial accommodation totalling 32,500 sq ft.

The estate is fully let to 15 tenants including Sally Salon Services and Magden.

Cushman & Wakefield acted for Ribston whilst Carter Towler acted for the vendor, Kingsmede Enterprise (UK).

“Enterprise 5 offers numerous asset management opportunities and will be an excellent addition to their portfolio and we are confident that it will perform well for their fund,” said Jacques Esterhuizen from Cushman & Wakefield’s investment agency team in Leeds.

Ribston Director Joe Havery added: “This well let and well-located estate is a great addition to our portfolio. We are excited by its prospects and are looking forward to asset managing the estate building upon the work Kingsmede started in 2015.”