JR Capital and Chancerygate have acquired two industrial buildings at Brunswick Business Park in Liverpool.
The £9m investment forms a part of the £150m multi-let urban logistics investment fund, which has a five-year life and is targeting urban logistics, industrial and warehousing investments across the UK in asset sizes of £10m to £20m.
The 120,000 sq ft of space was bought from CEG.
The investment spans the North and South Harrington buildings. The former, measuring 54,500 sq ft, is occupied by indoor go-karting company TeamSport.
South Harrington comprises a former dockside warehouse which has been reconfigured to six self-contained warehouse facilities at ground floor, with the first floor providing office space.
Occupiers include Royal Mail and clinical nutrition producer Vitaflo, a subsidiary of Nestle Group.
Chancerygate head of investment and asset management Simon Cowley said: “The fully let nature of the buildings signifies the strength of demand for this type of accommodation, such a core urban logistics location being immediately proximate to the city centre.”
JR Capital head of investment Michael Ferris said: “Brunswick Park offers high yielding and well-diversified income, anchored by some really quality tenants.
“The surplus land on the 10-acre site is suitable for development for a variety of uses, providing us with an opportunity to roll our sleeves up and add value in the short term.”
B8 acted on behalf of JR Capital and Chancerygate; Edwards & Co advised CEG.
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