Altrincham industrial estate changes hands for £7.5m-plus
An industrial estate in Altrincham, Greater Manchester has been sold for more than £7.5m.
The buyer of the 80,246sq ft, 24 unit-scheme Stag Industrial Estate on Atlantic Street is Schroders’ Multi-Let Industrial Property Unit Trust.
It was sold on behalf of LaSalle IM by JLL and the price reflects a net yield of 5.89%. Cushman & Wakefield acted for MLIPUT.
The estate is currently home to 19 tenants, including Plumbase, Edmundson Electrical, Crown Paints and Brandon Hire.
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