Maple Grove Developments, in partnership with Yorvale and Kier Property, has sold its industrial scheme in Winsford, Cheshire, to the Albert Gubay Charitable Foundation for £22.8m.
The development, known as Artis Park, was completed in February 2022, delivering 124,500 sq ft of industrial space over two phases, with 13 flexible sheds ranging in size from 4,000 sq ft to 26,620 sq ft.
The development is 83% let, with tenants including Screwfix, Toolstation, City Plumbing, British Red Cross, Ross Care, Gemco and Valentte.
Nik Puttnam, senior development manager at Maple Grove, said: “Throughout the life cycle of the project we have worked very closely with the letting agents, Gerald Eve and Legat Owen, which have excellent knowledge of the Winsford market. Securing so many occupiers has allowed the jv to maximise the value of the asset.”
The jv was advised by B8 Real Estate and Eversheds Sutherland. Albert Gubay was advised by Christopher Dee and Land Law.
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