Three industrial units at Carrington, Greater Manchester, in the UK, have been sold by Wain Estates to Cabot Properties.
The high-quality industrial units at Carrington Gateway on Manchester Road sit together to the south of Porta Road. They are currently occupied on long-term leases by Hilti, Protective Packaging and also Charles & Ivy.
There are six units altogether. The three remaining buildings are being retained by Wain Estates.
Wain Estates’ Managing Director of Development, Jack Brister, says, “This is a very positive endorsement of the quality of the product we’ve created in the first phase of commercial development at the Carrington Estate.
“It is particularly encouraging given that we are currently making plans for future commercial phases at Carrington. We wish Cabot all the best with the management of the site.”
Michael Williams of Cabot Properties, says “We are delighted to have concluded this transaction on behalf of our Value Fund programme. It’s a well-located asset with strong ESG credentials and a favourable occupational dynamic in the locality. We are continuing to actively seek both Core and Value Add opportunities to build upon our existing portfolios in the UK.”
The three retained units at Carrington Gateway provide 44,000 square feet of space. The letting agents are Colliers and JLL
