Member Article

Goole and Bradford estates acquired by Max Property Group in a £6.3 million deal

Max Property Group Plc has acquired the UK Trade Asset Portfolio, a freehold multi-let industrial portfolio for £6.34m reflecting a NIY of 8.5%.

The UK Trade Asset portfolio comprised 4 industrial investments, totalling 85,290 sqft, let to multiple tenants including Screwfix Direct, Topps Tiles, Howdens Joinery and Kwik Fit.

The estates are located in Goole, Bradford, Mansfield and Oldbury and will be incorporated into Max’s Industrious business.

Having exchanged contracts for the purchase on May 23 this transaction marks the final acquisition for Max Property Group Plc as the vehicle has now concluded its investment phase.

Neil Higson, Senior Surveyor at Nolan Redshaw, said “Max Property and Prestbury are longstanding clients of Nolan Redshaw and having concluded over 90 lettings and lease renewals totalling over 380,000 sqft, we are delighted to have secured the purchase of the UK Trade Asset Portfolio.”

Max Property Group was advised by Nolan Redshaw. Knight Frank acted for the Vendor.

This was posted in Bdaily's Members' News section by Clare Burnett .