Monday, July 15, 2024

Watling Real Estate acquires second major industrial unit in Barnsley in a month

Watling Real Estate has acquired a second major industrial unit in Barnsley in a month.

Following on from the acquisition of a 60,000 sq ft unit at Valley Road Industrial Estate by Glenbrook Investments, Watling Real Estate has completed a second deal to buy the remaining 133,000 sq ft former Safestyle UK manufacturing distribution hub for a private regional investor.

The latest acquisition includes a modern distribution unit of 67,234 sq ft together with a manufacturing unit of 66,133 sq ft, on a site of 7.96 acres. It was on the market for £6 million.

Hilco Global Real Estate Advisory advised the seller.

Ian Whittaker, capital markets director in the Manchester office of Watling Real Estate, said: “It’s great to be involved in another acquisition on Valley Road Industrial Estate in the space of a few weeks for another proactive client.

“We identified an opportunity to acquire the site at short notice and were able to complete the transaction in under a week. This transaction perfectly demonstrates Watling’s ability to identify opportunities and piece together deals in what is still a fairly sluggish and slow market with limited stock.”

Law firm DLA Piper acted for the seller with the buyer advised by Hill Dickinson.

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