US-backed property investor 4th Industrial bought Acornfield Industrial Park, a new-build speculative development within Knowsley Industrial Estate, Liverpool.
The transaction was agreed ahead of completion and includes three units totalling more than 131,000 sq ft on a site fronting Acornfield Road. Completion is planned late this year.
The deal follows 4i’s recent acquisition of Walker industrial Estate in Blackburn.
B8 Real Estate advised 4i on the deal, while Prime Property Consultancy acted on behalf of the vendor Acornfield Properties.
Jon Thorne of B8 said: “This scheme will provide much-needed industrial stock into the mid-box sector following the record levels of take-up in the region across all size ranges over the past few years. We look forward to securing good occupiers for the units at strong rental levels.”
B8 and CBRE have been appointed as joint lettings agents for Acornfield industrial park.
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Photo: B8
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