Wake Smith advises on Warrington industrial park acquisition

Wake Smith advises on Warrington industrial park acquisition

Sheffield’s Wake Smith Solicitors has supported London & Associated Properties in the expansion of its industrial and logistics portfolio with the £2.3 million acquisition of a multi-let industrial park in Cheshire.

Adlington Court in Warrington includes two blocks, configured as 18 industrial units.

LAP acquired 25,251 sqft in four units between 5,000 and 7,500 sqft, with dedicated yards and car parking and the whole of the common areas of the estate.

All existing units are currently let to tenants including The Lowton Motor Company, A T Plant Services and Drivetrain.

Wake Smith acted for LAP, with commercial property director Neil Salter handling the acquisition. It also includes the freehold reversionary interest in a Day Care Centre with grounds on a long lease to Warrington Borough Council.

The park, which was purchased from Cordatus Property, is located approximately a mile from Junction 11 of the M62 motorway.

John Heller, chief executive at LAP, commented: “This acquisition represents significant opportunities for LAP with strong rental demand and a history of owner occupier interest as demonstrated by the units already sold.”

Salter, head of the commercial property team at Wake Smith, said: “We have a very well-established relationship with LAP and we were delighted that LAP chose us to act on this important acquisition for them.”

“It was great to work with John and his team to get the deal over the line in a relatively short period and we look forward to working on the management of this asset.”

Pictured: Adlington Court, Warrington / Image: Wake Smith Solicitors
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