Member Article

2 warehouses in Bury’s Angouleme Way retail park acquired for £3.9 million

2 warehouses in Bury’s Angouleme Way retail park have been acquired for £3.9 million by Picton, a property investment company.

The two units totalling 29,609 sq ft are currently let to Argos and Poundstretcher and generate a combined net income of £323,750 pa.

Chief Executive, Michael Morris, said: “This is the first acquisition to complete, of several we have under consideration, since our recent fundraising.

“It also marks the consolidation of our ownership in Bury, where we now control all five units and expect to unlock further value through asset management”

This was posted in Bdaily's Members' News section by Sophia Taha .