Industrial estate sold for £6.3m
Kayley Industrial Estate in Ashton-under-Lyne in Greater Manchester has been sold for £6.3m.
Cording Real Estate Group, the Northern European real estate investment management company, has sold the facility to AEW UK Core Property Fund, reflecting a net yield of 8.3%.
The property at Richmond Street comprises 36 units, totalling 229,075 sq ft, on a nine-acre site. The current passing rent equates to £3.53 sq ft.
Michael Shears, assistant portfolio manager, AEW UK Core Property Fund, said: “The east Manchester industrial m... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
