CEG has puts its 680,000 sq ft distribution centre at Stakehill Industrial Estate in Greater Manchester up for sale at an asking price of £44,250,000, a yield of 6.8%.
It bought Stakehill on behalf of investors in 2012.
Paul Richardson, investment manager for the North at CEG, said: “When Stakehill was acquired five years ago, we were attracted by the 100% prime location and also the potential of the modern buildings.
“Together with the council and the Rochdale Development Agency, we have repositioned Stakehill into the institutional quality investment that it now is.”
WHR Property Consultants and Savills are joint agents.
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