Redsun completes back to back deal in Chester
Redsun Investments has announced the off-market purchase of a 15,000 sq ft industrial unit on Sovereign Way in Chester from an Irish based investor advised by JLL.
The unit was let to SP Manweb which had vacated the property ahead of a lease expiry in 2018.
Redsun agreed terms for a back to back surrender of the lease to SP Manweb and the simultaneous grant of a new 10-year lease to Inchcape Estates (Inchcape).
Inchcape will use the facility for the storage and preparation of new cars to support its local dealerships.
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